Nature Conservancy, Charlottesville, Va., might add an alternatives...

Nature Conservancy, Charlottesville, Va., might add an alternatives allocation to its $635 million endowment fund, probably 5% of total assets, said John Wood Bolton, director of investments. Mr. Bolton and other staff members are educating themselves about hedge funds and private equity, and the board could make a decision at its October meeting. Whether funding would come from the endowment’s 70% equity or 30% fixed-income allocation would be determined then, based on how the market is doing, he said.