{"product_id":"outperform-isbn-9781118961841","title":"Outperform","description":"\"University endowment managers have generally outperformed the market benchmarks. However, their knowledge has not been well documented in any book. This book fills that gap and should be of significant help to all those who want to learn from extensive interviews with a number of endowment managers.\"\u003cb\u003e—PREM JAIN,\u003c\/b\u003e McDonough Professor of Accounting and Finance, Georgetown University  \u003cp\u003e\u003cb\u003eLearn how higher education's largest endowments consistently achieve higher investment returns than the overall market.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Chief Investment Officers who oversee the top academic endowment funds manage over $400 billion in total assets. Over the last ten years (1999–2009), large endowments returned an average of 6.1%, compared to the S\u0026amp;P 500 index average of –2.22%, an outperformance difference of over 8%. With the recent sharp economic downturn, and a decade of inflation-adjusted flat returns in the overall equities market, institutional and individual investors alike are looking to endowments for proven strategies for improving the performance of their portfolios. \u003ci\u003eOutperform: Inside the Investment Strategy of Billion Dollar Endowments\u003c\/i\u003e interviews top CIOs from leading endowments, to detail how they consistently outperform the market, what they predict for the coming years, and how small investors can employ their investment philosophies.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I ACADEMIC ENDOWMENTS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Academic Endowments Overview 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe World of Endowments 4\u003c\/p\u003e \u003cp\u003eHistory of Endowments 6\u003c\/p\u003e \u003cp\u003eAcademic Endowments in the Context of the Investment World 7\u003c\/p\u003e \u003cp\u003eLarge Academic Endowments 7\u003c\/p\u003e \u003cp\u003eImplications for Individual Investors 17\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003eNotes 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Historical Endowment Performance 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestment Returns 22\u003c\/p\u003e \u003cp\u003eAsset Allocation 28\u003c\/p\u003e \u003cp\u003eSummary 30\u003c\/p\u003e \u003cp\u003eNotes 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 A Look Inside Endowments 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEndowments Are Different 33\u003c\/p\u003e \u003cp\u003eEndowments Define Asset Classes Broadly 35\u003c\/p\u003e \u003cp\u003eEndowments Achieved a One-time Sophistication Improvement 36\u003c\/p\u003e \u003cp\u003eEndowments Are Nimble 36\u003c\/p\u003e \u003cp\u003eEndowments are Evaluating Approaches to Managing Tail Risk 37\u003c\/p\u003e \u003cp\u003eEndowments also Manage Working Capital 38\u003c\/p\u003e \u003cp\u003eEndowments Manage Liquidity Carefully 39\u003c\/p\u003e \u003cp\u003eEndowments are Changing their Approach to Performance Measurement 41\u003c\/p\u003e \u003cp\u003eSummary 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II PUBLIC UNIVERSITIES\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Jonathan Hook, Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe Ohio State University 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Guy Patton, President and CEO\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eThe University of Oklahoma Foundation 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Bruce Zimmerman, Chief Investment Officer University of Texas Investment Management Company 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III PRIVATE UNIVERSITIES\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 James H.C. Walsh, Chief Investment Officer Cornell University 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Sally J. Staley, Chief Investment Officer, and Anjum Hussain, Director of Risk Management Case Western Reserve University 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Mary Cahill, Vice President of Investments and Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eEmory University 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Don Lindsey, Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eGeorge Washington University 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Scott W. Wise, President\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eRice Management Company 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 James (Jim) Hille, Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eTexas Christian University 153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13 Jeremy Crigler, Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eTulane University 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART IV ADVISORS AND MANAGERS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14 Sandy Urie, President and Chief Executive Officer, and Celia Dallas, Co-Director of Research and Managing Director\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eCambridge Associates 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15 Lyn Hutton, Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eCommonfund 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16 Thruston Morton, CEO and Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eGlobal Endowment Management 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17 Mark W. Yusko, CEO and Chief Investment Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMorgan Creek Capital Management 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18 Rafe de la Gueronniere, Principal\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eNew Providence Asset Management 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19 Bob Boldt, Chief Executive Officer\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eBoldt Ventures 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConclusion Concepts for Individual Investors 281\u003c\/p\u003e \u003cp\u003eLessons for Individual Investors 281\u003c\/p\u003e \u003cp\u003eTrends 288\u003c\/p\u003e \u003cp\u003ePredictions for Endowments 292\u003c\/p\u003e \u003cp\u003eSummary 294\u003c\/p\u003e \u003cp\u003eGlossary 297\u003c\/p\u003e \u003cp\u003eAbout the Authors 307\u003c\/p\u003e \u003cp\u003eIndex 309\u003c\/p\u003e \u003cb\u003eJOHN BASCHAB\u003c\/b\u003e is Senior Vice President at Technisource, a leading business services company and a division of SFN Group. He was a cofounder and president of consulting services at Impact Innovations Group before successfully selling the company to Technisource in 2005. After receiving his MBA with honors from the University of Chicago Booth School of Business, Baschab worked as a technology consultant to Fortune 500 companies in the Chicago office of management consultancy Booz \u0026amp; Company. He began his career at AT\u0026amp;T following graduation from the University of Alabama. John is an adjunct professor at Southern Methodist University. \u003cp\u003e\u003cb\u003eJON PIOT\u003c\/b\u003e received a bachelor of science from Southern Methodist University and an MBA from Harvard Business School. He began his career at Andersen Consulting (now Accenture) and provided consulting services to Fortune 500 companies at management consultancy Booz-Allen Hamilton. As co-founder and CEO of Impact Innovations Group, Jon led the sale of Impact Innovations to Technisource in 2005 and was part of the executive team responsible for the sale of Technisource to Spherion Corp. He is currently the managing partner at Redpoint Capital, a private equity investment group, and an adjunct professor at Southern Methodist University.\u003c\/p\u003e  \"University endowment managers have generally outperformed the market benchmarks. However, their knowledge has not been well documented in any book. This book fills that gap and should be of significant help to all those who want to learn from extensive interviews with a number of endowment managers.\"\u003cb\u003e—PREM JAIN,\u003c\/b\u003e McDonough Professor of Accounting and Finance, Georgetown University  \u003cp\u003e\u003cb\u003eLearn how higher education's largest endowments consistently achieve higher investment returns than the overall market.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Chief Investment Officers who oversee the top academic endowment funds manage over $400 billion in total assets. Over the last ten years (1999–2009), large endowments returned an average of 6.1%, compared to the S\u0026amp;P 500 index average of –2.22%, an outperformance difference of over 8%. With the recent sharp economic downturn, and a decade of inflation-adjusted flat returns in the overall equities market, institutional and individual investors alike are looking to endowments for proven strategies for improving the performance of their portfolios. \u003ci\u003eOutperform: Inside the Investment Strategy of Billion Dollar Endowments\u003c\/i\u003e interviews top CIOs from leading endowments, to detail how they consistently outperform the market, what they predict for the coming years, and how small investors can employ their investment philosophies.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989740634341,"sku":"NP9781118961841","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118961841.jpg?v=1761785319","url":"https:\/\/k12savings.com\/products\/outperform-isbn-9781118961841","provider":"K12savings","version":"1.0","type":"link"}