Active management strategies demand uncommon, hard-to-identify skills, as the majority of active managers fail to produce market-beating results.
Investors
David F. Swensen
Yale's CIO for 36 years, Swensen grew the endowment from $1.3B to $31.2B at 12.4% annual returns. He pioneered the Yale Model of alternative-asset allocation while championing index funds for individual investors.
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