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Posted on: Aug. 21, 2015, 11:30 a.m.
In 2014, Yale spent $170 million on financial aid, fellowships, and prizes. It spent $480 million — nearly triple its tuition assistance budget — on private equity fund managers. People are upset: I was going to donate money to Yale. But maybe it makes more sense to mail a check directly to the hedge fund of my choice. — Gladwell (@Gladwell) August 19, 2015 It looks very bad on paper, ... Full investment news article