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

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...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

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...