Institutional Investor

Asset managers are racing to launch factor-based and smart beta funds, in part to satisfy investor demand for lower-fee, passive strategies. But a new study from investment research firm Markov Processes International, produced exclusively for Institutional Investor, finds that some of these products vary widely in their performance.

A new study of 14 endowments posted on Institutional Investor finds that the top three performers for fiscal year 2016 are those closest to the Yale Model. Here’s why.

The short answer, following a year in which the Yale CIO and the endowment he leads avoided carnage in commodities and emerging markets, is no. Here’s why.