Much more aggressive allocations to VC and PE. I think Princeton is above 60%. Almost no money in direct public equities-hedge funds serve as the liquid market conduits. No public entity can go near that level of private funds, although most have moved allocations well up in the past few years.
Interesting how endowments outperform pension plans. How is their portfolio composition different? More aggressive?
Much more aggressive allocations to VC and PE. I think Princeton is above 60%. Almost no money in direct public equities-hedge funds serve as the liquid market conduits. No public entity can go near that level of private funds, although most have moved allocations well up in the past few years.