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3. As Astra Taylor points out, “over 100 billion dollars of educational endowment money nationwide is invested in hedge funds, costing [schools] approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant—­some would say extortionate—­fees they charge for their services” and include “the problem of conflict of interest on endowment boards of both public and private colleges” (n.p.). Some Ivy League schools end up paying hedge fund managers two to three times as much as they spend on tuition assistance and fellowships (Taylor, n.p.). Sometimes, these hedge fund managers are also members of their boards of trustees (Taylor, n.p.).

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