In 36 years, the assets increased 40 times. 　　The Yale University Endowment Fund Model (referred to as the “Yale Model”) has always outperformed other investment institutions with its excellent performance. As a “revolutionary paradigm” in the investment community, the Yale model has also been imitated by other investment institutions. Many Chinese family offices regard the Yale model as a model. 　　However, we found in recent research that the Yale model is actually difficult to simply “copy” to Chinese family offices. The Yale model is hard to copy 　　Zhang Lei, founder of Hillhouse Capital, once said in the book “Value”, “I began to think about how to build an investment institution…