Yale’s Trouble with Timber

Yale University’s endowment fund has a chunk of timber holdings, an effort to hedge against inflation, but the holdings are raising controversy as some believe it puts large expanses of forest at risk. This according to a recent article in Bloomberg. According to the article, the university owns thousands of acres in New Hampshire, adding that one forest industry veteran complains, “They’re cutting everything, even the growing stock.” The move by many of the nation’s richer schools to increase timber holdings has been on the upswing for decades, the article says, in large part because these schools are able to […]