Just watch Harvard, Morgan Stanley and Goldman Sachs liquidate their commercial real estate portfolios So much for the formerly formidable Yaleendowment model.
That is not enough to pay for pension promises, so funds decided to follow the example of Yale University, whose endowment diversified into hedge funds and private equity in the 1980s.
We manage investments using theEndowment Model pioneered by Yale University, manage an oil and gas program, and do some heavy-duty domestic and international tax and estate planning for families.