Michigan State University's endowment is set to invest more than $30 billion with a pair of long/short hedge funds.
The $1.2 billion Common Investment Fund plans to allocate $18.7 million to Indus Capital Partners and $15 million to Standard Pacific Capital, HFMWeek reports. The investments are backed by MSU's consultant, Cambridge Associates.
The Common fund already invests in Indus' Asia Pacific Fund. It may now add the firm's Europe Fund "with proceeds of a withdrawal from the Martin Currie European Hedge Fund."
As for Standard Pacific, Cambridge has recommended the firm's Global Long/Short Equity Fund.