Harvard is a 'hedge fund with a university attached to it'

Yeah, and Duke University is a investment firm as well, except that it has a hospital attached to it that happens to have a university attached to IT.

I'm sure pretty much all large, big-name universities are playing with money. US ones at least.

I am positive there's some sort of problem with these numbers and a major false comparison going on, but this doesn't seem fair either way.