U. Wash. Invest $15M More In Valinor

Mar 31 2011 | 2:24am ET

The University of Washington’s endowment has added to its investment in hedge fund Valinor Capital Partners.

The $2.08 billion Consolidated Endowment Fund allocated another $15 million to Valinor, HFMWeek reports. The move is the latest for U.W., which in November added $15 million to its investment in Convexity Capital Management and terminated Tiger Asia Management, which managed $14 million for the endowment but faces regulatory scrutiny in both the U.S. and Hong Kong.

Also last year, the endowment invested $20 million with Deerfield Capital Management and made its first $25 million investment in Convexity, which is headed by former Harvard University money manager Jack Meyer.

U.W. currently invests $247 million of its assets in absolute return strategies, accounting for 12% of its total assets. The endowment has a target allocation to the asset class of 15%, as well as an 8% allocation to opportunistic investments.


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