NEWS BRIEFS: How Much Is Too Much? Hedge Funds and Higher Education Endowments

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.”

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