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Because they are basically becoming hedge funds with an university attached.

'I was going to donate money to Yale. But maybe it makes more sense to mail a check directly to the hedge fund of my choice' - Malcolm Gladwell tweet

https://www.thenation.com/article/universities-are-becoming-...

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Do the admin and faculty staff see a share of the returns in their salaries, or are there outside investors? Or is it more about ensuring a long-term and improving ability to pay for top researchers and fund cutting edge research, raising the university's profile?

I think this statement only holds for private universities -- public ones are struggling financially.

https://www.theatlantic.com/business/archive/2017/10/midwest...

UVA - $5 Billion

http://endowments.com/university-of-virginia/

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