Faculty News

Professor David Yermack's joint research on the financial performance of major endowments is spotlighted

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Excerpt from CNBC -- "'In other words, the typical endowment fund would have earned substantially higher returns if its trustees had followed a simplistic investment strategy of holding 100 percent Treasury bonds and taken no equity market risk whatsoever,' economists Sandeep Dahiya and David Yermack wrote in a new paper."

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