Bloomberg.com: Bloomberg Columnists: "Yale and Harvard Aren't on Moody's Hedge-Worry List: Joe Mysak
Sept. 1 (Bloomberg) -- When it comes to investing in hedge funds, it's not Yale or Harvard that worry Moody's. It's the little guys.
Many schools and nonprofit institutions may overdo it, or not do it right. Their investment committees may choose a hedge fund manager based upon personal relationships. Perhaps the investor doesn't have the staff to monitor the fund manager. Maybe it concentrates too much money in too few funds"
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