Purdue University Endow Ups HF Allocation
Purdue University’s endowment fund has increased its hedge fund allocation.
Purdue University’s endowment fund has increased its hedge fund allocation, CNBC reports. The endowment is approaching its 25% investment policy target in hedge funds, as compared to the 15% it achieved in 2010.
The endowment received a 14% return in 2010. The endowment portfolio will comprise of 2% public real estate investment trusts and 5% private real estate investments.
Click here for the story from CNBC.