Suffering the fate of many of their grads on wall street

Haavard:

According to the university’s 2008 financial report, in the next 10 years it must pay various private investors some $11 billion in capital commitments. Where will that money come from if, as seems likely, endowment growth over those years is minimal or nonexistent, and alumni’s own strained budgets limit their generosit

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Filed under Stupid investment managers, Stupid risks

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