When it comes to investment management fees, you don’t necessarily get what you paid for. One of our key findings is that higher fees are negatively related to net investment returns. Organizations that manage their endowment funds on their...
Read moreResearch on Private Equity Deal-Level Data
Much of the research on private equity performance has relied on fund-level data provided by LPs. A new research paper was published this year based on deal-level data gathered by Burgiss. The performance of the underlying portfolio company...
Read moreResearch on AWS in Venture Capital
Twenty years ago, startups had to spend much of the funds they raised from venture capital firms to buy their own hardware. Thanks to cloud computing, those days are long gone. The introduction of cloud computing services by Amazon is seen by...
Read moreResearch on Fossil-Fuel Divestment at Endowments
What motivates college students to urge divestment of fossil-fuels from their school’s endowment? The vast majority of American universities maintain their operations by at least some reliance on fossil fuels, and thus, financial divestment...
Read moreResearch on Entrepreneurial Signals
Venture capital has outperformed for many institutional investors recently. None of this would have been possible, however, if the founders in their portfolio did not take that first step on that arduous, entrepreneurial path long ago. But what...
Read moreResearch on Luck in Venture Capital
‘Tis better to be lucky than to be good. Picking a winning investment early on meant little for the firm’s future success in selecting companies, the analysis found. VC firms that had enjoyed initial success were no better than their mainstream...
Read moreNew Study on Endowments Large and Small
“The study was based on the IRS filings of 28,696 endowments and foundations. In addition to comparing university endowments to other non-profit funds, the authors also examined differences in performance by size and location. Large...
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