The St. Louis University Endowment, St. Louis, is considering investing in small-cap equities and increasing its alternative investment allocation, said Jerry Woodham, treasurer.
The $565 million fund, with help from the Wellesley Group, is taking another look at its allocation of 55% domestic equity, 15% international equity, 20% domestic bonds and 10% global bonds. Two models being studied are a 75% stock and 25% bond allocation and an 80-20 model.
Each of the models contains an increase to a 15% alternative investment mandate from 4% and a switch to a 10% to 15% small-cap allocation from all large-cap equities.
Mr. Woodham expects the asset allocation study to be complete sometime in the first quarter of 1997, followed by possible manager searches.