Evolving Strategies in Investment Allocation

This chapter examines the transformative methodologies in capital allocation, particularly focusing on endowment management over the past twenty-five years. The discussion highlights the importance of belief systems and mentorship in shaping successful investment professionals while also addressing the complexity of managing large capital pools amidst changing demographics. Additionally, it explores the implications of liquidity, diversification, and the growth of sovereign wealth funds, emphasizing the nuanced challenges faced by institutions in today's financial landscape.