Despite 6 years of underperformance, hedge funds still popular among University endowments

By Lucy Ren Despite scrutiny over hedge funds’ underperformance since the financial crisis, large university endowment funds like that of Northwestern University are still holding on to — if not raising — their stakes in “alternative investments,” which are usually prone to high risk but often perform better than equities. Under the backdrop of soaring global equities […]

VIDEO: Immigrants hope Gloria Estefan musical shines light on migration

By Carmen Lopez Cuba and the United States are currently working on repairing ties, but migration from the communist country has been active for decades. Some Cuban immigrants are eager to see what will happen to Cubans migrating to the United States now that relations are improving. These changes are also gaining attention as Gloria […]

Gross domestic product sagged in first quarter

By Yimian Wu The U.S economy contracted 0.7 percent in the first quarter as the trade deficit widened and business investment fell, according to the second estimate of gross domestic product (GDP) by the Commerce Department. The result was revised from the first estimate of an increase of 0.2 percent released last month, but it […]

Last minute donation to South Side high school renews hope, buys time.

By Lydia Randall On the day of a self-imposed deadline, Hales Franciscan High School –a South Side mainstay for over 50 years — has had an 11th hour miracle. A generous donation to the school means that students will be returning in the Fall. The school is still short of the $300,000 it says it […]