Ohio State University, Columbus, is increasing its $1.6 billion endowment's allocation to alternative investments by about $96 million and could seek private equity and hedge fund managers to handle the increase, said Al Rodack, the university's assistant treasurer. Mr. Rodack said the endowment's alternatives allocation will be increased to 13% from 7%, with funding coming from its domestic equity portfolio. No managers will be terminated, he said. He added that allocation changes should be implemented by the middle of the year, and manager searches could happen then.
The endowment also intends to increase its international equity allocation to 10% from 7%, Mr. Rodack said. The increase likely would be given to its existing managers, which he declined to identify.