I'm surprised at how _few_ posts/articles like this there have been, so far: self-driving cars are taking off and are a big looming imminent threat to Uber/taxi/truck drivers.
Every time I take an Uber now, I wonder if the driver realizes that his job will most likely be automated away in a couple of years.
The article focuses on universities' investments in hedge funds specifically. The numbers in the article suggest that on the high end, about 10–20% of an endowment will be in a hedge fund.
The question I have is, what are the typical returns just on that 10–20% investment?
The endowment can do poorly (as bad as or worse than an index fund) as a whole, even if the investment into hedge funds is paying out well.
For Whom the Bell Tolls
A Farewell to Arms