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2024-12-25 14:28:46
in reply to

janggolan on Nostr: Opaque Private Equity Funds: "Harvard has more than three-quarters of its endowment ...

Opaque Private Equity Funds:
"Harvard has more than three-quarters of its endowment in private equity, hedge funds or real estate, and just 14% in publicly traded stocks. Harvard Management Company doesn’t break out fees in its reports and a spokesman didn’t provide that information, but Ennis estimates that the all-in cost of management for such assets is easily 3%, which is a gigantic drag."
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