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  • April 2015 (Revised April 2015)
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Yale University Investments Office: February 2015

By: Josh Lerner
  • Format:Print
  • | Language:English
  • | Pages:28 
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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.)

About The Author

Josh Lerner

Entrepreneurial Management
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