Yeshiva University in $1B hole as risky investments fizzle

Stefanie Botelho's picture
Friday, June 20, 2014

Yeshiva University didn’t learn its lesson.

The oldest Jewish university in the U.S. has been plundering its own endowment for about a decade in order to invest in riskier hedge funds — and now finds itself in a $1 billion hole as those bets have soured, according to a report.

Half of the billion-dollar boondoggle comes from the soured investments — while the rest came from debt piled up as the university borrowed money to cover operating deficits, the report found.

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