Читать книгу Alternative Investments - Black Keith H. - Страница 66

Part 1
Asset Allocation and Institutional Investors
CHAPTER 3
The Endowment Model

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Investors allocating assets to alternative investments need a framework on which to build their portfolios. What should the size of the allocation to traditional investments be, relative to alternative investments? Within alternative investments, how should the portfolio be diversified across asset classes, styles, and managers? For many, the answers come from a study of the investment practices of the managers of the largest endowment and foundation portfolios.

Alternative Investments

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