UConn's Endowment Is Abandoning Hedge Funds for New Kind of ETF [Yahoo! Finance Canada]
Blackrock Health Sciences Trust (BME)
US:NYSE Investor Relations:
blackrock.com/investing/products/240227/blackrock-health-sciences-trust-usd-fund
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The UConn Foundation sold almost all of its hedge fund exposure during the most recent fiscal year and bought so-called buffer ETFs, said David Ford, chairman of the investment committee. The increasingly popular exchange-traded funds, which use options to protect against losses while capping upside gains, have amassed more than $58 billion in assets, almost all within the past three years. Market watchers say it's a sign of growing institutional adoption of the nascent fund strategy, one that could help the ETF industry, largely known as a beacon for retail investors, make further headway with sophisticated money mangers overseeing trillions of dollars. To Ford, hedge funds have become a “victim of their own success,” with many growing so large that returns have suffered, particularly compared to the years after the late David Swensen of Yale University revolutionized endowment investing by incorporating alternative strategies into asset allocations. F
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