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A study on America’s large endowment funds co-authored by Elroy Dimson, David Chambers and Charikleia Kaffe at Cambridge Judge Business School, featured in The Economist. The study examined the behaviour of US endowments in 12 major universities: “They have been pioneers in the allocation of riskier assets, especially in “alternatives” such as private equity. When others run away from risk, they have accepted it.” (subs)

Read the full article [economist.com]