Title

In a volatile stock market, educational institutions, including the University o

Authors

Taylor Smith

Source

Mainebiz

Date

10-1-2007

Pages

1, 6

Abstract

In a volatile stock market, educational institutions, including the University of Maine, have caught onto "alternatives." The University of Maine Foundation has nearly a fifth of its endowment in alternative investments like hedge funds and private equity. Colby College in Waterville invests more than a fifth of its endowment in hedge funds. Investors believe the diversity, despite recent hedge-fund casualties, protects them and offers a better return.

Subjects

Investments, University of Maine System, Colby College

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