UT uses new exemption to keep confidential how much it pays investment, hedge fund managers

By |2018-05-18T06:30:16-05:00May 16, 2018|Categories: exemptions|Tags: , , , , , , , |0 Comments

Daniel Connolly wrote today in the Knoxville News Sentinel about how the University of Tennessee lobbied for a public records law exemption that is now being used to hide how much the public university pays hedge fund managers. Doesn't seem quite right, does it? Connolly, a reporter with the Commercial Appeal in Memphis, did a story about the rising amount of endowment money that public colleges are pumping into private equity funds and alternative investments -- mostly hedge funds -- often in offshore accounts. The University of Tennessee system has $345 million in such funds, about 38 percent of all of its investments. From the story: Under the new law, [...]