Read more here. Close to our home: “Michigan State University, with its $2.3 billion endowment, said its hedge fund allocation is roughly 30% and there aren’t any plans to reduce it, said Philip Zecher, chief investment officer of the endowment. The school posted a return of 3.5 percent for the year ended June 30. “We’re getting the return that we expect and need” for the fees that are paid, said Zecher, a former hedge fund manager.”
NEWS BRIEFS: How Much Is Too Much? Hedge Funds and Higher Education Endowments
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Future U
Established in 2015, this website was conceived by current and former Michigan State University faculty members. The purpose is to be declarative about the pernicious impacts of neoliberalism on higher education and society at large. With new articles posted daily, there is a rotating set of features, perspectives, news stories, and other materials of interest. (NOTE: This site is not affiliated with Michigan State University or any other institution, higher education or otherwise.)
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