# Professor David Yermack offers insights on University endowment investment strategies

1 Faculty News May 6, 2019 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2019-05-06/harvard-piles-into-hedge-funds-as-new-chief-overhauls-endowment?srnd=markets-vp) -- “There’s simply no way to significantly outperform the market when you’re a $40 billion fund,” said [David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack), a finance professor at New York University. “It becomes more and more difficult the larger you get.”

[Read more](https://www.bloomberg.com/news/articles/2019-05-06/harvard-piles-into-hedge-funds-as-new-chief-overhauls-endowment?srnd=markets-vp)