Colleges Cut Alternative Investments to Recoup Losses
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U.S. college endowments are cutting holdings of alternative investments, such as private equity, as many seek to recoup record losses from four years ago.
Colleges on average allocated 47 percent of their investment portfolios to alternative assets in the 12 months ended in June, down from 54 percent the year before, according to a preliminary report from the National Association of College and University Business Officers and the Commonfund Institute.