Ivy League Smackdown: Asset Allocation Still Matters…A Lot
Jun 7, 2012
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By James Picerno
Even the best minds with the deepest analytical resources in finance cannot escape the gravitational power of asset allocation. A new study shows that while top endowments invested heavily in hedge funds and private equity over the last 20 years, the true driver of returns was choosing the broad mix of asset classes. Asset allocation lives!