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Yale Investments Office: November 2020

Lerner, Josh; Tango, Jo; Ferragamo, Alys

Product #:821074
Supplier:Harvard Business School
Discipline:Entrepreneurship
Setting:Connecticut, 2020
Details:Case (PDF) • 28 pages • 2021-03-09

Subjects:

Asset managementFinancial crisisGoing publicInvestment managementPrivate equityResource allocationSecuritiesVenture capitalFinance and investingEconomicsEntrepreneurial financingOperations and supply chain managementEntrepreneurship

Industries:

Financial service sector

Geography:

ConnecticutUnited States
Your Price:$11.64

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David Swensen and the Investments Office staff must decide whether to continue to allocate the bulk of the university's endowment to illiquid investments-hedge funds, private equity, venture capital, real estate, natural resources-given the impact of the COVID-19 public health crisis on the financial markets. The case explores the risks and benefits of a different asset allocation strategy and considers how to create financial models to prepare for unexpected events. It highlights the issues around allocations across different subclasses, e.g., between venture capital, hedge funds, and real assets.

Learning Objectives

To introduce students to asset allocation and fund selection from an LP perspective
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Case Study: Yale Investments Office: November 2020 (English version) | Ivey Publishing