Princeton University Investment Management Co., Princeton, N.J....

Princeton University Investment Management Co., Princeton, N.J., terminated a $2 billion fund of funds run by Nassau Capital to run the program in-house, said Andrew Golden, president at PRINCO, which manages the university’s $8 billion endowment fund. Nassau was set up as an independent investment management company five years ago by Mr. Golden’s predecessor, Randall Hack, solely to manage alternative assets for Princeton, Mr. Golden said. ‘‘While we all agreed Nassau did an excellent job, the trustees felt it would be better all around if one entity had complete oversight of the portfolio,’’ he said. Nassau will continue to manage $300 million in direct investments for the endowment.