Faculty News

Professor David Yermack's joint research on the performance of endowment funds is featured

ETF.com logo 192 x 144
Excerpt from ETF.com -- "Dahiya and Yermack found that the performance of the typical endowment fund was so poor that it would have earned substantially higher returns if its trustees had followed a simplistic investment strategy of holding 100% Treasury bonds and taken no equity market risk whatsoever."

Read more