Risk Premiums

Kees Koedijk and Alfred Slager
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Kees Koedijk: Tilburg University
Alfred Slager: Tilburg University

Chapter 6 in Investment Beliefs, 2011, pp 59-65 from Palgrave Macmillan

Abstract: “Be like Yale!” Following up on the remarkably strong investment performance of Yale Endowment over the past 20 years, this slogan has become well-known among institutional investors worldwide. While few will publicly acknowledge that they are mimicking Yale Endowment Fund, asset allocation speaks louder than a thousand words. And why not be like Yale? After all, the Yale Endowment grew from $5.8 billion to $22.5 billion in the period from 1998 until June 2007, achieving annual net investment returns of 17.8%.1 However, as Yale Endowment lost an estimated amount of 25%2 of its value over 2008 and more and more investors are trying to invest like Yale does, the question arises as to whether the Yale model has just been a passing phase.

Keywords: Risk Premium; Institutional Investor; Private Equity; Default Risk; Asset Allocation (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30757-5_6

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DOI: 10.1057/9780230307575_6

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