Faculty News

Professor David Yermack offers insights on University endowment investment strategies

Excerpt from Barron's -- “'I think there is a general trend of exaggerating how well universities do,' says David Yermack, professor of finance at New York University Stern School of Business. 'Even the very top performers are lucky to do average, and as a group they do worse than average. They would all be better off if they just owned index funds.'”

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