Faculty News
Professor David Yermack's joint research on the performance of endowment funds is featured
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![ETF.com logo 192 x 144 ETF.com logo 192 x 144](/sites/default/files/styles/480w/public/assets/images/etf192x144.jpg?itok=MiODDFx7)
Excerpt from ETF.com -- "Dahiya and Yermack found that the performance of the typical endowment fund was so poor that it would have earned substantially higher returns if its trustees had followed a simplistic investment strategy of holding 100% Treasury bonds and taken no equity market risk whatsoever."
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