Canadian University Makes First Hedge Fund Allocation

Jun 30 2011 | 12:40pm ET

Canada’s Wilfrid Laurier University has made its first hedge fund investments in line with its new 15% allocation to alternative strategies, reports HFMWeek.

The university, which has $372.3 million in its endowment and pension funds (the WLU Pension Plan, the WLU Endowment Fund and the WLU Balsillie Fund), has hired the Canadian hedge fund Polar Securities as part of a new alternative strategies portfolio.

WLU, which had previously allocated 60% of its investment portfolio to equities and 40% to bonds, reduced these asset classes to 53% and 32%, respectively, this year to make room for alternatives.

Each WLU fund has invested in two Polar Securities vehicles: the multi-strategy North Pole Capital Investments fund and the Altairis long/short equity fund.


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