University of Wisconsin System, Madison, may invest in three new asset...

University of Wisconsin System, Madison, may invest in three new asset classes - active domestic high-yield fixed income; active emerging markets equity; and hedge funds - for its $300 million endowment, said Doug Hoerr, treasury manager. The change was recommended by an asset allocation study; it also recommended that the fund search for managers in all its current asset classes. All current managers may rebid.