TIFF follows the endowment style of investing, broadly defined as growth focused, active management, high equity allocation, and a search for uncorrelated diversifying assets. It was popularized by David Swensen, the late chief investment officer of Yale University.
Following the 2008 financial crisis, the endowment model looked like a frill for all but the largest institutions, especially as low interest rates led to appreciation in both stock and bond markets.
That situation is changing, while the best endowment managers have had strong returns throughout. “The endowment model is not broken,” said Kane Brenan, TIFF’s . . .
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