Hedge Funds Are Columbia's Big Bet in $10 Billion Endowment

Columbia University’s $10 billion endowment has invested a third of its assets in hedge funds at a time when other large investors are chasing low-cost passive funds.

The fund had 33 percent of its portfolio in hedge funds as of June 30, when its fiscal year ends, according to a bond document. The allocation was the Ivy League school fund’s largest, followed by 22 percent in global equities and 20 percent in private equity, according to the document.