UK-based endowment sets its first allocation to hedge funds.

by Amy Bensted

  • 16 Aug 2010
  • HF

The GBP 25 million endowment of the University of Aberdeen has restructured its entire portfolio and will be increasing its exposure to alternatives. As a result it has carved out its first allocation to hedge funds which it is expected to fill over the next six to 12 months.  Aberdeen has become one of the small but growing, number of UK-based endowments which invest in hedge funds. Its peers include three college endowments of the University of Oxford and Cambridge University Endowment Fund which is in the process of increasing the amount of capital it invests in hedge funds over the course of 2010

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