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Close ties between University of Michigan’s investments and donors draw scrutiny and criticism
Inside Higher Ed: Recent scrutiny of investment practices by the University of Michigan is raising concerns about conflicts of interest and ethical lapses at colleges and universities seeking to increase their endowments.
Questions about Michigan’s investment practices were prompted by an investigation by the Detroit Free Press, which found that a large portion of the university’s nearly $11 billion endowment is invested in private equity, hedge and venture capital funds, and real estate investment firms run by top university donors and alumni investment advisers.
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