Summary
NEW YORK (Reuters) - U.S. college and university endowment funds with at least $1 billion had 61% of their assets in alternative investments like hedge funds last year, the most ever.
The allocation to alternatives, which jumped from 52% in 2008, grew even as the category posted an 18% loss for the year, according to a survey conducted by the National Association of College and University Business Officers and the Commonfund Institute, which provides research and training to endowments.See the full content of this document
Extract
Alternative Assets Jump at Largest U.S. Endowments
But over the next few years, big endowments are expected to reduce their allocation to alternatives, investment analysts said. That would mark a reversal of...
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