Yale Versus Norway

Every investor knows about Yale University and the extraordinary success of its endowment portfolio. Indeed, many families have tried to emulate Yale’s approach to asset management, for obvious reasons. Unfortunately, fewer people are aware of of the Norway Government Pension Fund. While there are certainly aspects of the Yale Model that are useful to private investors, the Norway Model seems to speak much more directly to families and, equally important, seems to be implementable by all but the smallest family investors.