How Endowments Lost Their PE Groove: Study

Riding high on their access to top venture funds, endowments left other categories of limited partners in the dust, performance-wise, in the 1990s. But by the following decade they had largely lost their Midas touch.

Those are the findings of a working paper available through the Web site of the National Bureau of Economic Research, a non-profit, non-partisan research organization devoted to elucidating how the economy works. The February paper was co-authored by Berk A. ...

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