Over the past two decades as of June 30, 2015, Yale's endowment generated returns of 13.7% per annum, outperforming the classic 60-40 Model (Source: Yale Endowment 2015 Annual Report). Public markets contain high levels of volatility which mixed with investor's emotional volatility lead to
poor investment decisions, i.e. buy high - sell low.
Alternative Investments that Cornerstone considers for our client's portfolio include:
Senior Secured Debt
Non-Traded REIT or Institutional REIT Funds
Hedged Equity Strategies
T H E Y A L E F O U N D A T I O N M O D E L