Endowments

Hedge fund boom seen in Asia courtesy of big banks and asset managers

The increasing number of new hedge funds by global banks and asset managers in Asia threatened the business of smaller firms who had opened their independent firms just after the 2008 financial crisis.

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U.S. college endowments post losses in fiscal 2012

U.S. college and university endowments posted an average loss of 0.3 percent for fiscal 2012

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