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UNC's Edward Hetherington on Why He Believes in Alpha

Hetherington head of public markets for University of North Carolina's endowment argues that active management is far from over.

Edward Hetherington, head of public markets for the University of North Carolina's endowment (Photo credit: Jillian Clark).
Edward Hetherington, head of public markets for the University of North Carolina's endowment (Photo credit: Jillian Clark).

Foundations and hospitals in the University of North Carolina's orbit don't have to use the college's management company as their outsourced CIO, but nearly all of them do. Why? Performance. UNC Management Co. has topped its peers by an average 100 basis points annually over the past decade: 6.5 percent

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