St. Marys College, Notre Dame, Ind., might move into hedge funds for the first time, said Leslie Hitchcock, controller. Officials for the $80 million endowment will meet April 24 to decide if they will conduct a shortlist search for a hedge fund manager; the size of the potential commitment has not been determined, he said. Funding might come from the equity portfolio, but details have not been discussed. The funds asset allocation is 50% domestic equity, 25% fixed income, 20% international equity, 4% venture capital and 1% cash.
The consultant is LCG Associates.