Yale dumps $6B in private equity while investors cling to risky, underperforming assets sold with a smile; If housing breaks, they break.
Funds still underwater after 2016 bets, private equity risk eclipses public markets… – Yale is withdrawing $6 billion from private equity. But according to them, there's nothing to read into that, so they claim. – Private equity continues to underperform publicly listed equities across every major time horizon: one …