The more than $100 million St. Luke's Hospital Foundation, Houston, may diversify into alternative investments, including real estate and venture capital, said Robert Jones, assistant treasurer.
The foundation is considering having its consultant, LCG Associates, assist in a study. No deadline has been set for a decision, but the foundation's finance committee could hear a proposal this summer, Mr. Jones said.
The fund currently has 87% of its assets run by two balanced managers split about evenly between domestic stocks and bonds; 13% is in an international equities mutual fund.
