The endowment model has been celebrated, maligned and examined intensely over the past four decades. Popularized by Yale University, the model is often characterized by a low allocation to core fixed income and high allocations to hedge funds and private capital. However, there’s more to the model than that.

This Russell Investments Viewpoint discusses:

  • Recent experience and outlook of the endowment model
  • Five elements to drive returns in a risk-aware manner
  • Three key strategic decisions that drive your strategic asset allocation (SAA)
  • Portfolio construction – bringing your SAA to life
  • Dynamic portfolio management
  • Constructing the private capital allocation, including four recommendations on a service provider
  • Key to improving the endowment model and helping it remain relevant

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