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Is the Nakubo Report Irresponsible?
Nakubo is a camera with National Association of College and University Business Officers. Nakubo looks at the 10 year performance of all US colleges and universities. CPPIB's largest institution has assets over $1 billion, 58% in alternatives. Smaller endowments that are loaded up with private, fancy stuff barely did any better than smaller endowments with less of that.