Endowments mull wisdom of hedge funds


Endowments have hardly set the world on fire with their returns as of late. Last year, on average, modest gains in fixed income and equities were offset by big losses on alternative investments, which were supposed to goose returns.  One expert told Hedge Fund Review that, "There is growing concern as to whether hedge funds perform in a way that meets return expectations and dampens volatility. Historically, they have done that, but 2012 was particularly disappointing. People are asking whether the hedge fund model still makes sense." Article