Georgia Tech Foundation lowers exposure to listed U.S. equities

According to board meeting minutes, the $1.3 billion Georgia Tech Foundation is reducing its exposure to U.S. listed equities to 10% from 13%. The foundation's investment committee approved increased allocations to natural resource equities, emerging markets equities, hedge funds, private natural resources and commodities. The committee also approved a new $10 million allocation to a master limited partnership portfolio and a “gold-related equity fund.”