OSA members at Wright State announce the release a report on the dangers of university endowment investments in hedge funds.
On Friday, February 17, Education First Coalition —students from College Dems, NAACP, and the Ohio Student Association at Wright State University—protested the university’s board of trustees meeting to demand that the institution divest all endowment funds currently invested in hedge funds. The students then held a brief press conference during which they announced the release of a report detailing Ohio universities’ investments in hedge funds and the dangers of these investments.
Wright State is currently facing a budget crisis. Students contend that the university’s endowment investments in hedge funds may be exacerbating the problem. Hedge funds are notoriously opaque in terms of their operations and investments. They also charge high fees and typically underperform compared to other funds.
"In the midst of a budget crisis, why would the university continue to make risky investments?” asks Tyler Willis, a student at Wright State University. “I know students who are struggling to make tuition bills, yet our university is hemorrhaging money."
Ohio Student Association (OSA) worked together with the American Federation of Teachers (AFT), the Ohio chapter of the American Association of University Professors (AAUP), and Ohio Hedge Clippers to produce the report, “How Hedge Funds Rip Off Ohio University Endowments and How Ohio Students, Taxpayers & Communities Suffer.”
View report here.