The Twenty Minute VC (20VC) · Monday, September 14, 2026
David Morehead, CIO of Baylor University's Office of Investments, outlines a strategic shift towards improving upside performance while maintaining historical strength in downside protection. He explains that this strategic pivot, initiated about five years ago, is a response to anticipated challenges in higher education finance, particularly declining domestic student enrollment.
“Now, we've always been good at the downside. Historically, our office like, first quarter of 2026, I think it was down 4%, we were flat.”
“And what we've kind of gone back and looked at is how could we get better at the upside?”
“We started this about five years ago, kind of knowing that this high school student issue was going to be a problem.”