A cutting-edge look at the endowment model of investing Many larger endowments and
foundations have adopted a broadly diversified asset allocation strategy with only a small …

This article explores the roles of risk premia strategies in institutional equity portfolios, not
only as potential replacements for existing passive beta investments, but for certain active …

This report discusses whether the special circumstances of tenured faculty in higher
education justify a continued exception to the national policy prohibiting age discrimination in …

… Co-editors P. Brett Hammond and Stephen P. Utkus provided numerous excellent suggestions
as we organized and edited the analysis herein. We also thank our Advisory Board and …

… In preparation of this volume I have enjoyed the cooperation as coeditors of Brett
Hammond and Anna Rappaport. Research and publication support was afforded by the US …

The proportion of older faculty is increasing nationwide. This book offers guidance not only
for dealing with the elimination of mandatory retirement in higher education but also for …

Colleges and universities across the country face huge challenges as their faculties age,
their budgets stagnate, and mandatory retirement becomes a thing of the past. In To Retire or …

Sustainable investing is growing into its moment. Funded pensions, which were among the
first institutions to respond to sustainability concerns, are showing renewed interest in better …

This study begins by examining reallocation behavior in recent markets using aggregated
data on college and university endowments, and individual defined-contribution pensions. …

… P. Brett Hammond TIAA-CREF … In exchange for this CPI-based guarantee, buyers give
up the extra inflation risk premium (Hammond et al 1999).…