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While the student debt load has become an absolute behemoth, a wild burden on the backs of many, among the largest universities are gigantic hedge funds, operating risky strategies... tax free. Because of their vast wealth these multi- billion dollar megafunds have been able to act as powerful political players in the background, yet as their sheer power has grown, they've attracted the interest of activists, politicians, and power players on all sides, domestic and foreign. Some of these funds have shaped the destinies of nations yet now they sit loaded with highly risky and opaque investments, investments which may not be as sturdy as they seem, for these palaces of wealth may truly be castles built on sand. 00:00 Intro 5:20 Other Motivations 14:01 Political Motives 17:39 Foreign Power 24:05 The PE Problem 40:57 What is Their Future?