(Bloomberg) Following the lead of pensions, some U.S. endowments and foundations are souring on hedge funds.
Hedge fund fees and lagging performance are cause for concern for nonprofit investors, who are reducing their allocation, according to a survey published Monday by NEPC, a Boston-based consulting firm with 118 endowment and foundation clients with assets of $57 billion.
Hedge Funds Are Losing Endowments After Exodus of Pensions
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