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Vermont Endowment Awards HF Mandates
The University of Vermont and State Agricultural College’s board of trustees has appointed two new hedge fund managers to diversify its endowment fund.
The佛蒙特大学和国家农业贴画ge’s board of trustees has appointed two new hedge fund managers to diversify its endowment fund,HFMWeekreports. The board’s investment sub-committee will allocate $5 million each toCanyon Capital Advisors Balanced FundandOwl Creek Asset Management.
The $288 million endowment’s equity portfolio will be reduced to fund the new mandates. The university’s investment consultant,Cambridge Associates, had recommended that the endowment’s board pursue a multi-strategy approach for the fund’s portfolio.
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