Endowment strategy in interval fund creates patient long-term view

Daniel Wildermuth, chief executive officer, Wildermuth Wealth and portfolio manager of the Wildermuth Endowment Fund, says that investing like the big college endowment funds creates a long-term outlook that's heavy in private equity and other alternative asset classes, but that having that approach in an interval fund's structure forces investors to be patient and to ride out short-term market noise, which is necessary when loading up on private investments. He also provides his assessment of how private equities have responded in the topsy-turvy pandemic times of 2020.