How Colleges Lost Billions to #Hedge_Funds in 2016
▻http://www.chronicle.com/article/How-Colleges-Lost-Billions-to/239245
Unfortunately, the disastrous endowment performance of 2016 disproportionately affects public colleges and less-wealthy private colleges, while leaving the most-elite private institutions with their wealth intact. The wealthiest colleges felt relatively little impact from their losses in 2016 because they have benefited from major endowment growth since 1977.