Asset allocation for year 2021 absolute return 23.5% venture capital 23.5% leveraged buyouts 17.5% foreign equity 11.75% real estate 9.5% bonds and cash 7.5% natural resources 4.5% domestic equity 2.25% source: https://news.yale.edu/2020/09/24/investment-return-68-brings-yale-endowment-value-312-billion Absolute return The portfolio is invested in two broad categories: event-driven strategies and value-driven strategies. Event-driven strategies rely on a specific corporate event, such as a merger, spin-off or bankruptcy restructuring, to achieve a target price. Value-driven strategies involve hedged positions in assets or securities with prices that diverge from their underlying economic value. benchmark Absolute Return: Credit Suisse and Inverse Wilshire 5000 Composite MNA (IQ Merger Arbitrage ETF) PKW (Invesco BuyBack Achievers™ ETF) CSD (Invesco S&P Spin-Off ETF) GURU (Global X Guru Index) QED (IQ Hedge Event-Driven Tracker ETF) ARB (AltShares Merger Arbitrage ETF) incepti...