GIVE & TAKE

Colleges Use Students to Manage Endowments

By MARISA LÓPEZ-RIVERA

Hedge-fund managers, watch your backs: Some college endowments are turning to their own undergraduates to help them invest their portfolios.

And some of them are doing quite well, thank you.

At the University of Dayton, the student-managed portfolio that began with $25,000 in 1994...

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