U. Of Louisville Endowment Boosts Hedge Funds

Dec 9 2010 | 1:51am ET

A Kentucky university is so happy with its hedge fund investments that it is racing right past its target allocation for the asset class.

The University of Louisville Foundation is pouring another $25 million into hedge funds, including a new mandate awarded to Eton Park Capital Management. Eton Park received $11.5 million of the money, while the remaining $13.5 million will go “incrementally” to most of its existing hedge fund managers.

The $637.8 million endowment is funding the new allocations by redeeming some of its money from a trio of U.S. stock managers, HFMWeek reports.

The $25 million, approved earlier this year by the foundation’s finance committee, will bring Louisville’s hedge fund exposure to about 23%. Its target allocation level is 20%.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...