When “Socially Conscious” Hedge Funds Are Not

In a guest Op-Ed, Philip McBride Johnson, the former Chairman of the CFTC, now Of Counsel at Skadden, Arps, Slate, Meagher & Flom LLP, takes university endowments to task for not making a greater contribution to student tuition when they can afford to do so without any material imposition on other spending priorities.  He also criticizes hedge funds for the losses of endowment funds that, had priorities been different, could have been spent on student aid.

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