(Bloomberg) Large U.S. endowments should trim hedge fund holdings to 10 percent of their portfolios to protect against market downturns, said Catherine Ann Keating, chief executive officer of money manager Commonfund. “There is a lot of equity risk in the typical hedge fund, not necessarily all of them, but in many hedge funds there is a lot of risk…..
Endowments Should Scale Back Hedge Fund Holdings, Commonfund’s CEO Says
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