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Carnegie Mellon University Endowment sets plans to reach its 15% allocation to hedge funds.

by Amy Bensted

  • 29 Jun 2010
  • HF

The endowment which manages USD 1 billion for the Carnegie Mellon University has announced plans to reach its target allocation of 15% by adding around five new managers to its portfolio. It is particularly interested in multi-strategy, macro and credit hedge funds for the move.  The typical bite size for its hedge fund investments range between USD 3-10 million but it will commit further capital if an attractive investment opportunity were to arise. It currently has 13.9% of its assets invested in hedge funds.

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