The Yale Endowment Model Explained: Why Institutions Moved Beyond Stocks and Bonds
For decades, institutional portfolios relied heavily on stocks and bonds. The Yale Endowment Model changed that mindset by demonstrating how alternative investments could improve diversification and long-term returns. Today, its principles continue to shape how many large endowments and pension funds allocate capital. Developed and refined under David Swensen, Yale’s investment philosophy encouraged institutional investors […]
