Lord, Mimi - In: Journal of Risk and Financial Management 13 (2020) 9, pp. 1-22
University endowments with broad portfolio diversification have been correlated with performance, but committees … Modern Portfolio Theory (or, simply, Portfolio Theory). The use of Portfolio Theory as a decision-making framework leads to … greater portfolio diversification, which, in turn, leads to higher risk-adjusted returns. This study also demonstrates that …