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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...