The $160 million Davidson College endowment fund, Davidson, N.C., is studying ways to reduce its domestic equity exposure, said Robert Norfleet, vice president-business and finance. He said the fund, which has more than 60% in domestic equities, is considering increasing its exposure to European and emerging markets equities, among other ideas he declined to discuss.
The fund now has only a tiny amount in these two areas; he didn't want to give the exact amount. He said trustees will review ideas in April. The fund is doing the study in-house.