University of Tennessee, Knoxville, endowment fund trustees are...

University of Tennessee, Knoxville, endowment fund trustees are considering adding hedge funds as a separate asset class, said Charles Peccolo, treasurer. Trustees may decide about investing in the asset class at an October trustee meeting. Mr. Peccolo, who oversees the $365 million endowment fund, said they weren’t considering a specific type of hedge fund. Separately, the endowment committed an additional $5 million to existing venture capital manager Commonfund Capital, which now runs $10 million. The additional money will be placed in the New Leaders Fund, which invests in up-and-coming venture capitalists.