Case: The Vanderbilt Endowment

https://drive.google.com/file/d/11-SbqF2fmTQQrHmWJjcTvkKrHdCTcZRQ/view?usp=sharing

Questions: (detail answer please)

1. What was the asset mix in 1989? 2006? How had it changed and how did it compare to other endowments? 2. How was the Vanderbilt endowment managed? How was its performance evaluated? 3. What are the risk exposures Mr. Bain concerned about? Which type of risk seemed to be higher in 2006 than in 1989 and why? 4. What is Leverage? How did Vanderbilt use it? 5. Explain "Alpha Transport," and how Vanderbilt used it. Explain gross and net exposure in long/short strategies.