{"id":18723,"date":"2010-11-04T06:35:10","date_gmt":"2010-11-04T10:35:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=18723"},"modified":"2010-11-04T06:50:47","modified_gmt":"2010-11-04T10:50:47","slug":"penn-evaded-harvard-losses-with-defensive-fund-marks-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2010\/penn-evaded-harvard-losses-with-defensive-fund-marks-says.html","title":{"rendered":"Penn Evaded Harvard Losses With `Defensive\u00b4 Fund, Marks Says"},"content":{"rendered":"<p>Bloomberg &#8211; The University of Pennsylvania, the Ivy League school founded by\u00a0Benjamin Franklin, outperformed its wealthiest peers by avoiding many hard-to-sell assets such as real estate, former committee Chairman\u00a0Howard Marks said.<\/p>\n<p>Penn held less in private equity and property, more in stocks and owned a \u201cdefensive\u201d mix of hedge funds, as well as \u201csubstantial\u201d cash and short-term U.S. treasuries, Marks wrote in an Oct. 20 memo to trustees, obtained by Bloomberg News. The Philadelphia school\u2019s investments fell 16 percent in the year ended June 2009, versus the 27 percent and 25 percent declines of Harvard and Yale, the two richest U.S. universities.<\/p>\n<p><strong><a href=\"http:\/\/www.bloomberg.com\/news\/2010-11-04\/penn-skipped-harvard-losses-with-defensive-fund-ex-chairman-marks-says.html\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The University of Pennsylvania, the Ivy League school founded by\u00a0Benjamin Franklin, outperformed its wealthiest peers by avoiding many hard-to-sell assets such as real estate, former committee Chairman\u00a0Howard Marks said. Penn held less in private equity and property, more [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18723","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18723","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=18723"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18723\/revisions"}],"predecessor-version":[{"id":18726,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/18723\/revisions\/18726"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=18723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=18723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=18723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}