The younger generation of institutional investors isn’t holding anything sacred and is focused on understanding the fundamentals of investing and the value of human capital. 

“Younger generations, including “Xennials,” a mashup of millennials and Generation X, are reimagining finance”, said Rukaiyah Adams, the chief investment officer of Meyer Memorial Trust at the 2022 Milken Institute Global Conference on Wednesday, in a panel entitled “Institutional Investors: Long-Term Strategic Thinkers.”

Adams joined the trust in 2014 to “throw out – or at least reevaluate – the old ways of thinking about assets, including legendary Yale CIO David Swensen’s model.” In the Yale model, Swensen emphasized stocks, with a minimal allocation to bonds and large commitments to venture capital, private equity, hedge funds, and international investments. Over the years, the model has become a blueprint — even if often criticized — for investment approaches at endowments and foundations across the country.

Read full article: https://www.institutionalinvestor.com/article/b1xww1sc4nh05c/For-the-Younger-Generation-of-Allocators-Nothing-Is-Sacred-Including-the-Endowment-Model