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Of the following, what is the best explanation of why Yale University and many other university endowments invest in hedge funds? A.Seek higher long-term returns

Of the following, what is the best explanation of why Yale University and many other university endowments invest in hedge funds?

A.Seek higher long-term returns than the stock market

B.Seek source of absolute returns that is largely uncorrelated to stocks, private equity, real estate and bonds - and thus provides diversification

C.Want exposure to commodities

D.To learn hedge fund strategies so they can later execute themselves without paying high fees

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