Harvard University, Yale University, Brown University and the University of Michigan are among schools whose multibillion-dollar endowments have begun buying cryptocurrency directly on exchanges, according to a report.
Hedge fund Melvin Capital has been hit hard by a series of short bets to start the year, down nearly 30% for 2021 through Friday, people familiar with the firm said.
The vast majority (95.7 per cent) of defined benefit (DB) pension scheme trustees believe they need to consider re-aligning their investment strategy to achieve long-term funding objectives, with 91.5 per cent prioritizing this for 2021, industry research has found.