Thursday, February 9, 2012

Endowments slow to recover from 2008 crisis

[LINK] Endowments slow to recover from 2008 crisis as hedge funds lag

Some interesting factoids:
- 47% of school funds have not recouped losses from 2008
- Average 10-year annualized returns lag behind average inflation-adjusted spending rates at schools.
- Endowments with more than $1B allocated  60% of their assets to alternatives
- Endowments with less than $25 million allocated 10% to alternatives
- Smaller endowments outperformed larger counterparts over the past 3years, but larger endowments did better over the five- and 10-year periods

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