Yale trims private equity allocation
The Yale University endowment, feted among institutional investors for pioneering a portfolio management model characterized by a relatively heavy exposure to illiquid assets, has trimmed its private equity allocation for the first time since 2005.
However, private equity will remain the largest asset class in the portfolio and the weighting is still larger than that of most of its educational peers. As of July 2014, Yale will trim its private...
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