The University of Kentucky Endowment Fund has increased the size of its hedge fund portfolio under a new asset allocation scheme, HFMWeek reports. The $920 million endowment fund doubled its target allocation to 20% from 10% in December last year.
The move arises as a result of an asset allocation study conducted by RV Kuhns & Associates. The fund, which will now target a 12% allocation to Grosvenor, 5% to GAM and 3% to Berens, will now be able to reduce the projected risk of the endowment with its new investment policy.
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