LSU Foundation, Baton Rouge, La., will consider adding alternatives, convertible bond and hedge fund allocations for diversification, said Phil Griffith, investment officer for the $225 million foundation. He expects to recommend allocation changes and managers to handle new portfolios at a Nov. 10 trustee meeting.
The current asset mix is: 43% domestic large-cap equity; 30% U.S. fixed income; 10% U.S. small-cap equity; 10% international equity; and 7% U.S. midcap equity.
