Richest Universities Pour Billions Into Hedge Funds

Nov 20 2006 | 12:36pm ET

Hedge fund investments have been very kind to university endowments and, over the past five years, those endowments have returned the favor.
 
The 53 biggest endowments in the U.S.—those with at least $1 billion in assets—have plunked $40 billion into hedge funds during that period.

All told, those allocations represent about one-fifth of the total assets in those endowments, which combined total some $217 billion. By a three-to-one margin, the endowments prefer the single-manager route to funds of hedge funds, according to the InvestHedge Billion Dollar Endowment Club report.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...