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https://www.wsj.com/articles/yale-university-endowment-alternative-assets-b4bd3258

Yale Invests This Way. Should You?

Yale University’s endowment has earned spectacular returns in hedge funds, private equity and other ”alternative assets.” Investors hoping to mimic the school need to understand what has made it successful.

Illustration: Alex Nabaum
Jason Zweig hedcutBy Jason Zweig

When stocks and bonds and real estate all stink, maybe it’s time to try something different.

You probably lost at least 15% on your stocks, and nearly as much on your bonds, last year. Publicly traded real estate fell nearly 25%. So far this year, bonds are flat, and stocks and real estate are barely in the black.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.