….And now for
something completely different
How teachers, firemen and
college endowments ended up enriching America's hedge fund
billionaires
Public pensions and
college endowments are some of the biggest investors in hedge funds,
investment vehicles that have made their managers some of the
wealthiest people in the world. Middlemen funnel this public money
into the hedge funds, as do funds of funds. All of them collect
fees....
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