Denison University, Granville, Ohio, invested $15 million in the Spinnaker Technology Offshore Fund, said Seth Patton, vice president for finance and management for the $320 million endowment fund.
Spinnaker's portfolio managers are technology-focused stock pickers who can go long and short stocks, Mr. Patton said.
Assets came from a reallocation among existing hedge fund managers: Tiger Management; Duquesne Capital; Deerfield; Moore Capital; and Lone Pine Capital, he said.
The endowment has about 24% of assets in hedge funds, he said.
