Princeton Diversifies $25.9 Billion Endowment

The transcript discusses the low acceptance rates for students and asset managers, highlighting Princeton's endowment strategy. It emphasizes the importance of diversification by introducing diverse managers, which has shown positive results. The investment strategy has been successful, with Princeton ranking high in returns. The transcript also touches on the secrecy of endowments and the potential for more open discussions about diversity in management.

What is the acceptance rate for asset managers in the endowment context?

• 16%

• 6%

• 10%

• 1%

What was the initial strategy to improve diversity among Princeton's US-based managers?

• Encouraging existing managers to diversify their staff

• Reducing the number of managers

• Hiring more international managers

• Investing in technology

Which city is home to one of the new diverse managers selected by Princeton?

• Boston

• Los Angeles

• Chicago

• San Francisco

What is Princeton's rank in terms of one-year returns among college endowments?

• Second

• Fourth

• First

• Third

Why does Andrew Golden believe in diversifying perspectives in endowment management?

• To follow a trend

• To achieve different results

• To increase secrecy

• To reduce costs