Christina Paxson says endowment is ‘not a political instrument.’
Complaint alleged excessive fees cost 403(b) participants millions.
The $120 billion California university system endowment wants collaborative types.
Wizard of Omaha has slipped in some subtle advice for funds in Berkshire’s annual letter.
The university allegedly violated ERISA with poor investments and unreasonable expenses.
The late-year market slide happened quickly, CIO Bachher says.