May 11, 2006
Hedge Funds are the flavor of the season on Campus
When institutes of higher education like Harvard and Yale begin to invest in hedge funds, it does give more than just a little respectability to the entire business. It also begins to make people realize that hedge funds are not the disaster-prone financial instruments that most laymen assume them to be.
In June 2005, Harvard and Yale invested 12 percent and 25 percent of their respective endowments in hedge funds. Their success in the field has encouraged many of the nation’s biggest schools to follow the Ivy League into hedge fund investment. The statistics tell the tale: Reed College in Portland, Oregon, has 58 percent of its endowment in hedge funds, and Hobart and William Smith Colleges is at 54.7 percent. And then there are schools, which have also invested in hedge funds. And then there are some small schools that are known to have hedged more aggressively than their larger counterparts. Hedgeco.com reports:
There are also some rising concerns toward this new trend, some endowments that have been trading in hedge funds are reconsidering. Oberlin College in Oberlin, Ohio, is one of them..
Read more: Investing in Hedge Funds on Campus
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