A quick look at how and why the University of Tennessee lobbied to keep some details of “alternative investments” secret.
Daniel Connolly, USA TODAY NETWORK – Tennessee
Note: The Paradise Papers project from the International Consortium of Investigative Journalists highlighted financial transactions in secretive jurisdictions including the Cayman Islands, located in the Caribbean south of Cuba.
Leaked documents were obtained by German newspaper Süddeutsche Zeitung and shared with the ICIJ, which organized the global collaboration. This article is part of the ICIJ’s Alma Mater project, an expanded review of university endowments placing money offshore.
The University of Tennessee’s endowment has pumped millions of dollars into private investment funds in recent years, including many chartered in the Cayman Islands.