The underperformance of Ivy League endowments for the year ended June 30 is another illustration...

|By:, SA News Editor

The underperformance of Ivy League endowments for the year ended June 30 is another illustration of how the "smart" money is down on U.S. stocks. These funds have benefited over the past 20 years by shifting assets into alternative investments - Yale now has a U.S. equity allocation of 6% vs. a 35% weighting in P-E. It might be time to return to the simple 60/40 U.S. stocks and bonds model, but who's going to pay 2 and 20 for that?