SEC Probes Whistle-Blower’s Claims That Hedge Fund Harmed Yale

U.S. regulators are examining a whistle-blower’s claims that Deccan Value Investors harmed Yale University’s multibillion-dollar endowment when the Ivy League school pulled about $400 million from the hedge fund in 2019, said two people familiar with the matter.

The Securities and Exchange Commission started asking Deccan general questions -- including queries about how it handled Yale’s investment -- last year after the tipster alleged that securities managed on the college’s behalf were sold at prices below the best available in the market, said the people who asked not to be named because the request was private. Information on how Yale’s ...