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Jonathan Clement's Blog: Private Matters: Art Institute Of Chicago Invests $40 Million In A Fund

TedTed
in Fund Discussions
FYI: IN SUMMER 2000, the Art Institute of Chicago fell under the spell of a young hedge fund manager named Conrad Seghers. The allure? Seghers claimed that his funds, called Integral, offered “the highest Sharpe ratios in the industry.” The Sharpe ratio is supposed to measure an investment’s risk relative to its returns and is popular in the world of hedge funds. Convinced by this pitch, the Art Institute committed more than $40 million of its endowment to Seghers’s funds.
Regards,
Ted
https://humbledollar.com/2019/02/private-matters/

Chicago Tribune Article:
https://www.chicagotribune.com/news/ct-xpm-2001-12-16-0112160372-story.html

Comments

  • Old_Skeet
    For my exposure to private equity I use LPEFX which accounts for about 8% of the growth area of my portfolio.
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