The Spelman College endowment, Atlanta, is investing about $13 million in a new market neutral fund offered by Aronson + Partners.
Robert D. Flanigan, treasurer of the Spelman College endowment, with $150 million in assets, said the endowment previously has invested in market neutral strategies, but declined to give further details.
The Spelman endowment is the first investor in the new Aronson fund.
