{"id":10082,"date":"2009-03-12T00:00:00","date_gmt":"2009-03-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cornells-walsh-cuts-hedge-funds-to-reduce-endowments-costs","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/cornells-walsh-cuts-hedge-funds-to-reduce-endowments-costs.html","title":{"rendered":"Cornell&#8217;s Walsh Cuts Hedge Funds to Reduce Endowment&#8217;s Costs"},"content":{"rendered":"<p>Bloomberg &#8211; Cornell University is cutting its hedge-fund holdings by as much as 25 percent to save on fees after its endowment tumbled last year, Chief Investment Officer James Walsh said. <\/p>\n<p>&ldquo;We are de-emphasizing the hedge funds and more emphasizing the long-only managers,&rdquo; said Walsh, who joined the Ithaca, New York, school in 2006. Cornell couldn&rsquo;t justify hedge-fund fees, which typically equal 2 percent of assets and 20 percent of investment profits. Long-only managers buy stocks they expect to rise in price, while hedge funds also sell short, or bet on a decline. <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&#038;sid=aciXTHXP0ke0&#038;refer=us\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Cornell University is cutting its hedge-fund holdings by as much as 25 percent to save on fees after its endowment tumbled last year, Chief Investment Officer James Walsh said. &ldquo;We are de-emphasizing the hedge funds and more emphasizing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4439,8506,64,1742,8888,491,666,8886,8887,8889,353],"class_list":["post-10082","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-assets","tag-bet","tag-bloomberg","tag-chief-investment-officer","tag-cornell-university","tag-decline","tag-endowment","tag-investment-profits","tag-ithaca-new-york","tag-james-walsh","tag-stocks"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10082"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10082\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}