Hedge funds have targets for volatility and rates of return that they try to meet. Endowment managers take such metrics into account when allocating money acros

Hedge funds have targets for volatility and rates of return that they try to meet. Endowment managers take such metrics into account when allocating money across different asset classes. They are most certainly not giving away their entire endowment to buy GME. The only controversy I can see is whether the returns provided by hedge funds outweigh the management/performance fees they charge.