Notre Dame Fund's Hedges Help in China Volatility, Malpass Says
- China is `rich source' for long-term investment, CIO says
- U.S. plan to tax endowments would be `huge mistake,' he says
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University of Notre Dame’s endowment is hedging some of its investments in China, leaving it with “a little less upside and less downside,” in the volatile market, said Scott Malpass, chief investment officer of the $10.5 billion fund.
“In China, we saw some downside but not too much,” Malpass said Monday in an interview at Bloomberg in New York, declining to name specific investments.