University Endowments Are Learning The Hard Way That Hedge Funds May Not Be The Answer

Jim Stewart in the New York Times has noted the poor performance of many large university endowments, and in the process questions their large allocations to alternatives..... Hedge funds figure prominently for many of them, and their investment committees are learning the hard way that uncorrelated returns are not unlimited, and that the hedge fund industry is overcapitalized..................................................................... Read more: http://www.businessinsider.com/university-endowments-learn-hedge-funds-may-not-be-the-answer-2012-10