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Which does describe one aspect of the lever. A group can have all sorts of hedges including a world class institution.
by detourdog 3y ago
Which does describe one aspect of the lever. A group can have all sorts of hedges including a world class institution.
- jncfhnb 3y agoI don’t think you understood what was said. The university is not part of the hedge fund. It’s a hedge fund that manages the Harvard endowment.
- detourdog 3y agoI understood. I'm saying that large endowments no matter their mission has a group of people that control that endowment. A conservative endowment can be used to leverage other positions members of this group can hold.