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Keeping the Faith
As recent market turbulence has some investors questioning the value of using hedge funds, Wake Forest is reaffirming its commitment to alternatives.
Although recent troubles among several high-profile hedge funds have many investors reevaluating their commitment to alternative assets, Wake Forest University treasurer Louis Morrell is staying the course. In the 12 years since Morrell took the helm of the university's endowment, assets under management have nearly tripled, to $1.2 billion --
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