Outperform: Inside the Investment Strategy of Billion Dollar Endowments

"University endowment managers have generally outperformed themarket benchmarks. However, their knowledge has not been well documented inany book. This book fills that gap and should be of significant help to all those who want to learn from extensive interviews with a number of endowment managers."

—Prem Jain

McDonough Professor of Accounting and Finance, Georgetown University

Learn how higher education's largest endowments consistentlyachieve higher investment returns than the overall market.

The Chief Investment Officers who oversee the top academic endowment fundsmanage over $400 billion in total assets. Over the last ten years (1999–2009), large endowments returned an average of 6.1%, compared to the S&P 500 indexaverage of –2.22%, an outperformance difference of over 8%. With the recentsharp economic downturn, and a decade of inflation-adjusted flat returns in theoverall equities market, institutional and individual investors alike are looking to endowments for proven strategies for improving the performance of their portfolios. Outperform: Inside the Investment Strategy of Billion Dollar Endowments interviews top CIOs from leading endowments, to detail how they consistently outperform the market, what they predict for the coming years, and how small investors can employ their investment philosophies.

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