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Small university endowments: Should avoid investing in alternative assets such as venture capital of hedge funds because they do not have the necessary resources to

Small university endowments:

Should avoid investing in alternative assets such as venture capital of hedge funds because they do not have the necessary resources to study these investments.

Should only invest in alternative assets because otherwise they cannot outperform.

Should invest in alternative assets because they can create a diversified portfolio easier than larger funds.

Should avoid investing in publicly traded companies because these companies are too risky.

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