Endowment Proteges
Back to: Cash Me If You Can
Cash Me If You Can
University endowment managers followed Yale investment guru David Swensen into private equity and hedge funds, eager for the same 16 percent annual returns he got. Now with the crash, they’re short on cash. Luckily for Yale, Swensen didn’t always follow his own advice.
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The Harvard Economy
The Ivy League university gives new meaning to the term well-endowed. A back-of-the-diploma estimate of how much it takes in each year.
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