University Of California’s Hedge Fund Investments Plagued By High Fees
The University of California paid hedge fund managers about $1 billion in fees over the last 12 years… the university’s “experiment” with hedge fund investments “has fallen far short of the expectations on which they were sold” and wasted money on performance and management fees “for returns that largely mirrored the stock market.”
Read full article [here].
by Hannah Albarazi, CBS San Francisco.