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Hedge Funds Are Losing Endowments After Exodus of Pensions

By Tony Seruga

Views Of Wall Street As U.S. Stocks Slip Photographer: John Taggart/Bloomberg

Nonprofit investors are reducing allocations, survey finds
High fees, sagging performance of hedge funds are big concern

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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