How Harvard and Yale Beat the Market: What Individual Investors Can Learn From the Investment Strategies of the Most Successful University Endowments

by Matthew Tuttle

• ISBN13: 9780470473757
• ISBN10: 0470473754
• Format: eBook
• Copyright: 2009-03-01
• Publisher: Wiley

Summary

Praise for How Harvard and Yale Beat the Market"How Harvard and Yale Beat the Market is a must-read for anyone managing his own or other people's money. It demystifies new investments such as hedge funds and principal-protected products. This engaging handbook belongs in every investor's library." -Deborah Weir, Parker Global Strategies, author of Timing the Market: How to Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural IndicatorsIn today's volatile market, investors are looking for new ways to lower their risk profile. For author Matthew Tuttle, the best means of achieving this goal is to look towards large university endowments-which attempt to capture consistent returns while maintaining a low level of risk.How Harvard and Yale Beat the Market explores the benefits of endowment investing and shows you how to structure your individual investment endeavors around an endowment-type portfolio. While the average investor doesn't have access to many of the money managers and vehicles that high-profile endowments use, you can still learn from the investment strategies outlined here and implement them in your own investment activities. Filled with timely tips and practical advice from an expert who designs portfolios based on endowment investment strategies, How Harvard and Yale Beat the Market will put you in a better position to achieve investment success.

Table of Contents

Acknowledgments

Introduction: Why You Should Invest Like an Endowment

Investment 101 - An Introduction to the Endowment Philosophy of Investing

The Current Environment and the Need for New Thinking

Common Investment Mistakes

Diversification - The Best Investment Strategy

Skill Based Money Managers vs. Style Box Based Money Managers

Introduction to the Endowment Philosophy

Why Large Endowments Outperform and How You Can Too!

Investment Vehicles

Mutual Funds, Separately Managed Accounts (SMAs), Exchange Traded Funds (ETFs), and Exchange Traded Notes (ETNs)

Structured Products

Hedge Funds & Fund of Funds

Endowment Asset Classes and Investing Strategies

Absolute Return

Stocks

Bonds

Real Assets and Commodities

Managed Futures

Private Equity

Managing Some of Your Money "In House"

Portable Alpha

Designing Your Portfolio

Suggested Allocations

Choosing and Managing Money Managers

Putting it All Together

Putting it in Writing - The Investment Policy Statement

Final Thoughts

Appendix. Key Terms

About the Author

Index

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