Denison University, Granville, Ohio, is conducting an annual asset allocation review of its $413 million endowment, said Michael Horst, finance director. The review will be finished by the second week of June, he said; no manager changes are expected. The plans asset allocation is 47% hedge funds, 30% fixed income, 12% equity and 11% private equity.
Separately, plan officials hired an active EAFE manager to run $2 million, two hedge fund managers to run $2 million each and another to run $10 million, he said; he would not identify the managers. Funding came from cash, he said.
Fund Evaluation Group advised.