Deep Dive into Hedge Funds (Capital Allocators, EP.34)
Capital Allocators – Inside the Institutional Investment Industry
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Yale's Early Investment Model
Yale did not ever take economics in businesses, but they often were very early. Yale systematically went out and imposed cost of capital hurdles on managers who understood those economics. In the early 90s, short-term rates were mid-single digits; it seems anathema today. The combination of being early and important allows you to set terms.
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