U. Wash. Boosts SIR Investment

Dec 16 2010 | 1:09am ET

The University of Washington endowment is moving closer to its target allocation for hedge funds with an increased allocation to SIR Capital Management.

The $1.95 billion endowment added $15 million to its investment with SIR, capping a year in which it had already invested $70 million in three new managers, Convexity Capital Management, Regiment Capital Advisors and Deerfield International, HFMWeek reports.

All told, the university invests with 16 hedge funds, which manage 12% of its assets. The endowment has a target allocation to absolute return funds of 20%.


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