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Yale Endowment to Shave PE Allocation

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March 5, 2015

176yalesmallConsidered in the past by many as a smart alternative asset investor, the USD 24 billion Yale Endowment is in the news this week with its latest financial reports. We note that PE is still the largest asset class in the Yale Endowment portfolio but some small changes are expected this year, according to its latest report. For example, it is reducing cash and increasing foreign equities. And despite its PE portfolio returns outperforming its benchmarks (see graphic above), Yale Endowment will reduce its exposure to PE by 2% this year. It is sticking to its strategy despite receiving critical comparisons from in business media. (Image source: Yale)

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