Foust

El-Erian's Recommended Allocation vs. Harvard, Yale

"I conclude the harvard portfolio to be defenitely the best, since they are best diversivied, i.e. they have the most asset classes."

There is a difference between being the most diversified (number of asset classes) and best diversified. Also, there must be some sort of distinction in the hedge fund space to fully appreciate the allocations, it is too generic and broad a category. Same with private equity (venture, buyout, etc.) and where do timber and other private real asset classes fall?