Even if you've read almost every investment book there is, you've never read anything like 'Outperform: Inside the Investment Strategy of Billion Dollar Endowments.'In 'Outperform, ' authors John Baschab and Jon Piot have written an approachable, pragmatic guide for individual investors who want to understand the proven investment strategies of large academic endowments and enhance the performance of their portfolios. It provides a unique look into the world of endowment investing through extensive and exclusive interviews with current and former Chief Investment Officers of leading endowments at both public and private universities--such as the Ohio State University, University of Texas, Cornell University, and Emory University--that have a total of over $125 billion in assets under management.Divided into three informative parts, the book: Reveals the relatively unknown techniques, strategies, organization, and philosophy of academic endowmentsDefines the specific practices and tools used by top endowments in making investment decisions, including asset allocation, manager evaluation, and alternative investment selectionHighlights key differences between individual and institutional investors that dictate different approaches in investment philosophy'Outperform: Inside the Investment Strategy of Billion Dollar Endowments' not only provides investors with invaluable insight from the endowment world's elite money managers, but also details how they consistently beat the market, all while translating their strategies into advice that will benefit the individual investor. 'University endowment managers have generally outperformed the market benchmarks. However, their knowledge has not been well documented in any book. This book fills that gap and should be of significant help to all those who want to learn from extensive interviews with a number of endowment managers.'--PREM JAIN, McDonough Professor of Accounting and Finance, Georgetown University Learn how higher education's largest endowments consistently achieve higher investment returns than the overall market. The Chief Investment Officers who oversee the top academic endowment funds manage over $400 billion in total assets. Over the last ten years (1999-2009), large endowments returned an average of 6.1%, compared to the S&P 500 index average of -2.22%, an outperformance difference of over 8%. With the recent sharp economic downturn, and a decade of inflation-adjusted flat returns in the overall equities market, institutional and individual investors alike are looking to endowments for proven strategies for improving the performance of their portfolios. 'Outperform: Inside the Investment Strategy of Billion Dollar Endowments' interviews top CIOs from leading endowments, to detail how they consistently outperform the market, what they predict for the coming years, and how small investors can employ their investment philosophies.