David Swensen & a Targetdate Fund Walk Into a Bar

Morningstar’s John Rekenthaler shared a wild statistic about Yale’s endowment fund in a piece published yesterday:
The fund’s reputation, however, owes to its earlier accomplishments. In the 10 years from mid-2008 through mid-2018 (the latter being the date of the fund’s most recent report), Yale gained an annualized 7.4%. During that same time period, the three largest target-date 2035 mutual fund…

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