According to the Wall St. Journal, the Harvard Endowment gained an impressive 7-9% in fiscal 2008, beating out all endowments and foundations in a difficult down market. This is no small feat considering the S&P 500 lost more than 10% over the same period.
Much of Harvard’s performance can be attributed to the fund’s big [...]
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Market Commentary from Hedge Fund Manager Ikro Yoon
February 27, 2009Ikro Yoon, of Celenian Capital, forwarded to me a recent market update he wrote to his investors. Here is an excerpt from the letter (re-published w/ his permission):
I still expect the economy to struggle for some time. The picture for the housing market is not any better, and the commercial property market shows signs of [...]