Economists address hedge fund limits
Lower projected yields may force University officials to find new investment opportunities
Yale's endowment, which topped $15 billion this year, may see one of its most significant sources of investment returns wane if the market follows predicted trends.
Leading Yale economists and investment officials recently echoed national concerns that hedge funds -- which, as a part of the absolute return asset class, make up approximately a quarter of the University's endowment -- show signs of declining performance.
The hedge fund boom that Yale and Harvard are credited with helping create may be on the decline, Yale School of Management professor William Goetzmann...
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