… Yeshiva University … retained a law firm and an investment adviser to review its practices. YU has not made the firm’s findings public, but did say that as a result, the university recently hired a chief investment adviser, and implemented a conflict-of-interest policy for the investment committee. That policy is significant at YU, where [Ezra] Merkin, a money manager who ran one of the major Madoff feeder funds, managed portions of the YU endowment while serving as chair of the investment committee.
Wouldn’t want to make the findings public. That might make Yeshiva look diligent, transparent.
On the other hand, at least it’s doing something.
