Boston-based consulting firm NEPC found in its recent survey of non-profit organizations that most still rely on hedge funds to reduce portfolio risk, although many have scaled back from such strategies this past year.
The NEPC Endowments & Foundations Practice Group survey covered a diverse array of endowments and foundations, including educational institutions. Just under half (49%) of respondents had an asset size in excess of $500 million.
More than one-third (37%) have decreased their exposure to hedge funds in the past year and 21% expect to scale back in the next . . .
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