Endowment hit hard by Hedge Fund crash

<p>Wow, didnt read the article but I am definitely surprised with UVA’s exposure to hedge funds, I dont really understand the need for an institution like UVa to get so heavily involved in the speculative risk associated with the hedge funds. Quants and their models have been devastated by this crisis, I am really interested to see how the hedge funds and private equity firms look after the dust settles.</p>