NYT – The sales pitch for the fund was simple: a chance for individual investors to get in on the same high-octane private equity and hedge funds that have fueled successful returns for large university endowments for years.
But now investors in the fund, the nine-year-old, $3.3 billion Endowment Fund, are finding it was much easier to get in than it is to get out.
Read Complete Article (Subscription required)
