[vonklaus]

This is true, both my bosses worked for a larger well respected endowment about a year ago. The firms are not doing well and at least this one is not and there is talk if going to the strategy here.

Basically a fund of funds with a bunch of mutual funds. They are facing competition for PE deals and maintaining higher risk trading desks with high cap costs.

I would note that while the numbers in the article did beat performance now could be the best time to have a trade desk. Most indices look like this

    /\/\/?

Not / / /

So having a group work on minimizing that could be profitable