Tag #Market Indices

What are the key findings of Richard Ennis's research on the performance of large US college endowment funds, and what are the immediate implications for investment strategies?

A recent study by chartered financial analyst Richard Ennis reveals that large US college endowment funds underperformed their benchmark index by an annualized 2.4 percentage points over 16 years (2009-2024). This underperformance was particularly pronounced among funds with higher exposure to alternative investments. The findings suggest that even sophisticated investors with significant resources may not consistently benefit from alternative investment strategies.