04.23.10 Timber!

When I saw this article in the WSJ about the high cost of raw materials, I thought immediately of Yale. Apparently lumber as gone up 59% in the last 4 months.

I've been reading in the alumni/ae magazine about how the endowment invests in assets like private equity, emerging markets, and timber yards. I must admit, I was a little perplexed about the latter. What on earth would Yale be doing with a lumber yard. Ah-ha!

I'm not sure how smaller funds, like Mo Money LP can get in on the action. I was very excited about rice futures a couple years back, and John Rogers had a fund but the minimum purchase was 100K.