Louisiana State University Agricultural & Mechanical College, Baton Rouge, is reviewing convertible bond, hedge funds and other alternatives, real estate and high-yield asset classes as part of an asset allocation study for its general endowed fund.
The $103 million funds current asset allocation is 66% equities and 34% fixed income, said Phil Griffith, investment manager for the fund. Recommendations will be given to trustees in August, he added. The study is being done internally using software from Zephyr Associates.
Separately, the fund boosted the equity limit in its investment policy to 70% from 66%. Mr. Griffith said he didnt expect any money manager searches to result from the policy change.