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Q3: The Endowment Model of Investing

Attached please find our 2017 Q3 investment report. In addition to our usual review of the markets and our current thinking, in this issue we examine a very interesting recent report on the so-called “endowment model” of investing, named as such because it is the style of investing followed by most university endowment managers. The endowment model involves diversifying investments across strategies, asset classes and investment horizons. It also involves allocating a significant portion of assets to non-traditional asset classes such as distressed debt, venture capital, commodities and real estate. Artemis subscribes to the endowment model but does not utilize alternative asset classes to implement, given their cost and complexity. We are pleased to report that comparative look at investment returns over the last five years suggests that Artemis clients are not missing out.

Picture of Leigh Bivings, Ph.D., CFP®, CDFA™
Leigh Bivings, Ph.D., CFP®, CDFA™
Leigh is CEO and Founder of Artemis Financial Advisors LLC. Leigh has a Ph.D. in applied economics from Stanford University and is a Certified Financial Planner (CFP®) and Certified Divorce Financial Analyst (CDFA®). She enjoys working with clients and strives to give them peace of mind and robust frameworks so that they can make more informed choices about spending and saving and make these choices with enhanced confidence.

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