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Hedge Funds Help Wake Forest Buck Endowment Slump With Gain

by bloomberg.com posted 2years ago 14451 views
Much-maligned hedge funds helped Wake Forest University’s investment performance in fiscal 2016. The endowment, managed by Verger Capital Management, gained 0.9 percent for the year ended June 30, driven by gains in hedge funds, fixed income, gold and emerging markets, Jim Dunn, Verger’s chief executive officer, said in an interview. The University of Minnesota’s fund also posted a positive return.