[beerandt]

They made a big fuss a few years ago about what I read imo as over investing in foreign farm land, esp south America and Africa. Which seems to have completely flopped, if not yet realized.

At this point, you really do have to question whether each university hire was merit based or not, including the fund managers.

[kjellsbells]

I don't know that making a bad investment makes them terrible fund managers, just as making a good one would not make them brilliant. Don't you need a string of data points?

If you are going to claim that they were not hired on merit, and that they are bad investment managers, you'll need to provide a lot more evidence on both points, rather than a "just asking questions" post on HN. Otherwise, it's just snark and not in keeping with HN's ethos.