Shrunken Nobel Prizes to depend more on hedge funds

Public Radio International: Marketplace
Dec 5, 2012

A Nobel Prize just isn’t what it used to be. This year the Nobel Foundation had to cut the prize’s cash award 20 percent. But the Swedes who run the world-renowned prizes have a plan to fix that. They’re going to invest more money in hedge funds. Nicolas Bollen, E. Bronson Ingram Chair of Finance, is quoted.