| You would call them the smartest guys in the room, had Enron not ruined the term for at least a generation. The big US endowment funds, those of Yale University and Harvard University in particular, are considered the benchmarks for patient, smart, long-term investment, reflecting the brainpower of the institutions they fund.
A look at the world’s sovereign wealth funds shows that they are so far keeping the faith with private equity, but are showing a clearer delineation between different types of alternative assets, with infrastructure very much in favour, and hedge funds very much not...............................................Full Article: Source
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