Doubling Down

Drexel University investment director Joshua Kaplan ups the hedge fund ante.

Katie Gilbert December 17, 2025

Joshua Kaplan, director of investments at Drexel University, is familiar with less-than-reassuring truths, like the fact that global hedge fund losses surpassed $150 billion in October alone — $115 billion from performance and $41 billion from redemptions, according to Chicago-based Hedge Fund Research. But he

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