Bogle vs. Goliath

Ben Carlson:

Each year the National Association of College and University Business Officers (NACUBO) puts out a study on the investment performance of college endowment funds. It’s a comprehensive report that goes through the asset allocations and performance numbers of funds ranging from a few million dollars to funds with many billions of dollars (in the latest report there were over 800 funds in total).
Institutional investors are obsessed peer comparisons so they all eagerly await these performance numbers to see how they stacked up against the competition.

Here’s the latest batch through June 30, 2015: