The New York Times published an op-ed yesterday by University of San Diego professor Victor Fleischer taking a close look at the fees paid by top universities such as Yale, Stanford, and Harvard to Private Equity managers. Fleischer contrasted these fees with the money that the universities spend on operations related costs, especially to subsidize tuition.
New Yorker writer and author Malcolm Gladwell thought it was "reasonable". He went on to comment on the recent trend of hedge fund managers and their large donations to Ivy League schools (eg. John Paulson's $400m donation to Harvard) and how these payments go right back to the very funds that hedge fund billionaires manage.
All in all, it was a pretty good Gladwell rant.