Our investment process is rooted in the science and data that shapes the investment process at the nation’s largest university endowments. These simple themes include:
Diversify your assets: If you have all of your assets in one basket, you are at great risk if you drop that basket. Combat the problem by finding a lot of baskets – interesting baskets – in which to put your eggs. Avoid market timing: Investors tend to follow trends, getting excited when something is going up and piling on just in time for a collapse.
Keep fees to a minimum: In a single-digit return environment, the reduction of fees can represent a meaningful increase in investment returns.
Pursue active management only in those markets where there is great opportunity: It is difficult to beat the market by very much or for very long. In the vast majority of cases, the tax and management of active management exceed the benefits.
Our Investment Strategy synthesizes the best available economic and investment research, allowing to craft asset allocations designed to maximize after-tax, after-fee,risk-adjusted returns.