Alternative Asset Allocations

Finance

Cambridge	Committee

Current	Recommended	Recommended

Allocation	Allocation	Allocation

US Equity	55.0%	29.5%	40.0%

Global ex US Equity	20.0	15.0	15.0

Emerging Markets Equity	-	5.0	5.0

Hedge Funds	-	10.0	7.5

Private Equity/VC	10.0	15.0	7.5

REITS/Real Estate	5.0	5.0	5.0

Real Assets/Commodities	-	8.0	10.0

Fixed Income	10.0	12.5	10.0

100.0%	100.0%	100.0%

Real Compound Return	6.0%	6.3%	6.0%

Real Arithmetic Return	7.0%	7.0%	6.7%

Standard Deviation	14.4%	12.1%	12.3%

Probability of Maintaining

Real Purchasing Power	47.0%	54.0%	48.0%