Author Archives: James Ellis, CFA

About James Ellis, CFA

Senior Consultant

College endowments are performing poorly; why and what can they do about it?

A new study from Georgetown University and NYU’s Stern School of Business looks at major endowments’ portfolios between 2009 and 2016, and the news is not good. Using publicly available IRS filings, the study found that the median annual returns were 5.53 percentage points below a classic 60/40 mix of equity/Treasury bond investments. Coming in at only 3.75%, the median return was even 1.14% below the 10-year Treasury bond return. Read more »