BC Business
How a small college in Kenosha beat Harvard's $37 billion endowment Bill Abt, a former beer executive, who handles money on behalf of Carthage College in Kenosha, Wisconsin, has managed to significantly increase its investment returns by skipping hedge funds with high costs and complicated strategies. Based on data from the National...
Bill Abt, a former beer executive, who handles money on behalf of Carthage College in Kenosha, Wisconsin, has managed to significantly increase its investment returns by skipping hedge funds with high costs and complicated strategies. Based on data from the National Association of College and University Business Officers, Carthage’s average annual return was 6.2 percent average from 2007-2017, way ahead of Harvard, the nation’s largest university, which averaged just 4.4 percent over the same period.