U. Kentucky To Double Hedge Fund Investments

Apr 6 2011 | 10:47am ET

The University of Kentucky Endowment Fund is set to double the size of its hedge fund portfolio under a new asset allocation scheme.

The school approved a recommendation to double its target hedge fund allocation to 20% to cut “the projected risk of the endowment,” which stands at $920 million. The suggestion to boost hedge funds to one-fifth of the endowment was made by consultant RV Kuhns & Associates last year, HFMWeek reports.

The biggest beneficiary of the move is Grosvenor Asset Management, which formerly managed 4% of UK’s endowment but will now run 12%. All of the new allocation to that firm will be invested in “a separate fund of funds created for the University of Kentucky” called See Blue.

The school’s other two hedge fund managers, GAM Holding and Berens Capital Management, will each get an additional 1% of the endowment to manage, raising their allocations to 5% and 3%, respectively.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR