The Princeton University endowment fund is laughably bad

Want to feel better about underperforming the market by actively managing your IRA? Well, you’re probably beating Princeton as its endowment fund returned just 3.9 percent in its last fiscal year, underperforming even treasury bills during the same period.

It’s not a fluke, either. From the same article: “During the past 10 years, Princeton’s endowment has returned an annualized 9.2%, behind the S&P 500 at 12.9%”

Why do Ivy league schools have actively-managed, high-fee funds anyway? Is this some form of graft?

If you want to follow them down their underperform rabbit-hole, be sure to check out their investment strategy page.