The equity orientation drove the returns but the diversification allowed us to deliver those returns in a stable fashion, which is incredibly important for an institution like Yale that requires a steady supply of funds to finance its operations.
股票导向型投资会推动收益率上升,但多元化能让收益更平稳,这对于耶鲁这样的机构极为重要,因为它需要稳定的资金供给,为学校运营提供财务支持
But I- on some levels, I recognize that for some universities, it does help fundraising.
但是,我必须承认,在某些层面上,这种行为确实能帮助学校筹集资金。
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