Cornell trims hedge fund portfolio

Mon Apr 6, 2009




Cornell University is said to be cutting its hedge fund portfolio by as much as 25% to save on fees, after the $6 billion endowment saw assets fall by 27% in 2008 and the actual asset percentage in hedge funds rise to 15% from 10%.

The...

ISSN: 2151-1845 / CDC10004H

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