(HedgeCo.Net) For most of modern finance, institutional endowments and large public funds have been the slowest-moving pools of capital in the market. Their mandate is longevity. Their governance is committee-driven. Their risk tolerance is measured in decades, not quarters. And their portfolios—built around the classic “endowment model”—have historically embraced illiquids like private equity and venture capital while treating crypto as either too volatile, too operationally complex, or too rep...
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