Deals
Ivy League Endowment Strategy Loses Luster in Disappointing Year
- Elite schools moved away from U.S. stocks during the bull run
- ‘They totally misplayed the market,’ former Carthage CIO says
This article is for subscribers only.
The Ivy League is looking less elite these days, at least when it comes to investing returns.
Endowments at the richest schools have been shaving bets on U.S. stocks during the decade-long bull run while favoring international equities and alternative assets. That strategy dragged down results in fiscal 2019.