Are Universities Turning into Hedge Funds?

A recent article from The Nation claims that university endowments are being heavily invested in hedge funds. This “intersection between higher education and high finance” means that university money is torn between paying hedge fund managers and being spent on actual education resources. This criticism was first brought up regarding Harvard investing 15% of its $38 billion endowment in hedge funds. In reality, public universities are looking to hedge funds as well now that state aid is decreasing. Hedge funds utilize high risk methods for large returns, and often operate in convoluted overseas structures to avoid taxes. Investing endowments in risky hedge funds rather than investing Continue reading Are Universities Turning into Hedge Funds?