| U.S. college endowments are still struggling to recover from losses triggered by the collapse of Lehman Brothers Holdings Inc., as investments in hedge funds have lagged behind traditional strategies such as stocks.
The average endowment’s allocation to alternative strategies such as hedge funds, private equity, real estate and commodities climbed to 53 percent from 52 percent the previous year. Commodities and managed futures returned the most among alternative investments, advancing 26 percent, while private equity rose 19 percent...............................................Full Article: Source
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