Universities Are Becoming Billion-Dollar Hedge Funds With Schools Attached
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This article discusses the trend of universities increasingly behaving like billion-dollar hedge funds. It highlights how universities in the United States have been investing significant portions of their endowment funds in financial markets instead of primarily using them to support their academic missions. The article argues that this shift in investment strategy has negative consequences for higher education, as it prioritizes generating returns over providing quality education and supporting students. It also raises concerns about the lack of transparency and accountability in how universities manage and invest their funds. The article calls for greater oversight and regulation to ensure that universities prioritize their educational mission rather than becoming primarily focused on financial gains.