Brown’s investment results have been released, they’re not good
Your 46k isn’t being used well
Brown has one of the riskiest investment portfolios, with one of the lowest returns, according to a post in a financial blog.
In other words, we’re not doing too well.
Only Cornell and probably Harvard have worse result than Brown. Columbia, Princeton and Yale outperformed the other Ivies, although Princeton and Yale took on a tonne of risk too.
Source: University Endowment Offices and Charles A. Skorina Associates
In fact, the Ivy League as a whole is being made to look silly by the standard 60/40 index, which is taken as a benchmark for investments. That’s the index where 60% is invested in the stock market, and 40% in bonds.
In other words, all the money we spend on a Chief Investment Officer is probably causing damage to the potential of our investments.
This sucks even more when you realise you’re paying up to 46k a year, and the college is wasting the opportunity to turn it into more.