Rabu, 19 November 2008

UVa's Endowment Fiasco Detailed in The Hook

At last, some local reporting on UVa's endowment fiasco by somebody who knows what she's talking about and explains it very clearly for the unschooled reader.It's the cover story, Missing Billion, by Lisa Provence in this week's Hook.Provence very carefully explains the history of the endowment's investing, defines hedge funds and private equity, and explains how UVa lost $1B.No Wahoos are

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