Wednesday, 22 October 2014
Last updated 10 min ago
Nov 20 2006 | 11:36am 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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