MIT scored a return on its endowment that edged even Yale for the twelve months ending last June. So reports the NY Sun here.
Seth Alexander, a former member of David Swensen's team at Yale, now manages MIT's endowment. Another ex-Swensenite serves as Princeton's wealth manager.
As long as Swensen and his acolytes can produce outsize returns, hedge funds seem destined to remain in style.
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