Yeshiva University in $1B hole as risky investments fizzle

Stefanie Botelho's picture

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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