Harvard Concerned About Equity Outlook, Happy With Hedge Fund Portfolio

New York (HedgeCo.net) – The endowments of Harvard and Yale have been seen as cutting edge in their approach to asset allocation and portfolio management in recent years. These two entities were among the first to view hedge funds and alternative investments as their own asset class. Now, one of the two is expressing concern about the global equity markets.

According to a report from CNBC, the latest annual report from the Harvard Endowment shows that they are concerned about some markets becoming “frothy” and as a result they are looking for managers with a propensity for playing both sides of the market.

“We are being particularly discriminating about underwriting and return assumptions given current valuations. In addition, we have renewed focus on identifying public equity managers with demonstrable investment expertise on both the long and short sides of the market.” This has to serve as a vote of confidence for the hedge fund industry after coming under fire in recent years. The CNBC article states that Harvard believed to be happy with their hedge fund portfolio.

Rick Pendergraft
Research Analyst
HedgeCoVest

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