What Average Really Looks Like — and Can Managed Futures Help?

What Average Really Looks Like — and Can Managed Futures Help?

How historical and expected returns for university endowments can guide us in setting reasonable return expectations. We also analyze managed futures strategies to see how they work, how they have performed, and how to use them in your investment portfolio.

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Show Notes

2025 NACUBO-Commonfund Study of Endowments (NCSE) Results—NACUBO

Princeton University cuts expectation for endowment returns by Sun Yu—The Financial Times

Demystifying Managed Futures by Brian K. Hurst, Yao Hua Ooi, and Lasse H. Pedersen—AQR

Investments Mentioned

AQR Managed Futures Strategy Fund I (AQMIX)

iMGP DBi Managed Futures Strategy ETF (DBMF)

KraneShares Mount Lucas Managed Futures Index Strategy ETF (KMLM)

WisdomTree Managed Futures Strategy Fund (WTMF)

First Trust Managed Futures Strategy Fund (FMF)

Return Stacked US Stocks & Managed Futures ETF (RSST)

Related Episodes

524: Facing a Financial Squeeze: What Harvard’s Response Can Teach the Rest of Us

204: Why Are Investment Returns So Low?

180: Can You Outperform Harvard’s Endowment?

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