Druckenmiller Says Alternatives Fueled Bowdoin's 14.4% Gain

Bowdoin College’s endowment return of 14.4 percent -- the best among schools so far this year -- was fueled by a portfolio built around top-performing private equity and hedge funds, said Stanley Druckenmiller, a longtime investment committee member. Druckenmiller, a legendary billionaire investor who graduated from Bowdoin in 1975, said Paula Volent, the college’s chief investment officer, deserves credit for constructing the portfolio.