Publications
Publications
- April 2015 (Revised April 2015)
- HBS Case Collection
Yale University Investments Office: February 2015
By: Josh Lerner
Abstract
David Swensen and the Investments Office staff must decide whether to continue to allocate the bulk of the university's endowment to illiquid investments—hedge funds, private equity, real estate—given the impact of the recent market turmoil. The case explores the risks and benefits of a different asset allocation strategy and also considers how to classify some of the different assets. It highlights the issues around allocations across different subclasses, e.g., between venture capital, hedge funds, and real assets.
Keywords
Asset Management; Resource Allocation; Investment; Venture Capital; Investment Funds; Property; Private Equity
Citation
Lerner, Josh. "Yale University Investments Office: February 2015." Harvard Business School Case 815-124, April 2015. (Revised April 2015.)
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