Catholic University of America, Washington, hired three managers for its $140 million endowment. They are: Kaplan Associates, running $6.7 million in active domestic small-cap value equities; Barlow Partners, $5 million in a hedge fund of funds; and Oaktree Capital Management, $4 million in distressed debt, said Ralph H. Beaudoin, vice president of finance and treasurer.
Partial funding came from trimming the endowment’s $7 million investment with hedge fund manager Knob Hill to $3 million, and terminating manager Bennett Lawrence Offshore, Mr. Beaudoin said. The balance will come from trimming the fund’s exposure to its other hedge fund managers, he said.
