{"id":53401,"date":"2016-07-08T09:03:10","date_gmt":"2016-07-08T13:03:10","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=53401"},"modified":"2016-07-08T09:03:10","modified_gmt":"2016-07-08T13:03:10","slug":"maryland-endowment-plans-to-cut-worst-performing-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2016\/maryland-endowment-plans-to-cut-worst-performing-hedge-funds.html","title":{"rendered":"Maryland Endowment Plans to Cut Worst-Performing Hedge Funds"},"content":{"rendered":"\n<p>(Bloomberg) The University of Maryland\u2019s endowment is planning to yank the most expensive and worst performing hedge fund investments, following other managers who are frustrated with high fees and low returns.<\/p>\n<p>\u201cSome hedge fund managers are doing very well and it makes sense, but others aren\u2019t and it\u2019s not really worth paying all the fees when we can just get the same returns with a more passive investment,&#8221; Pamela Purcell, chief financial officer of the foundation that oversees the state system\u2019s $1.2 billion endowment, said Thursday in a telephone interview.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-07-08\/maryland-endowment-plans-to-cut-worst-performing-hedge-funds\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) The University of Maryland\u2019s endowment is planning to yank the most expensive and worst performing hedge fund investments, following other managers who are frustrated with high fees and low returns. \u201cSome hedge fund managers are doing very well and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53401","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53401","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=53401"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53401\/revisions"}],"predecessor-version":[{"id":53402,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/53401\/revisions\/53402"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=53401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=53401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=53401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}