University of Utah, Salt Lake City, will likely increase alternative...

University of Utah, Salt Lake City, will likely increase alternative investments as the result of a soon-to-be-completed asset allocation review for the school's $350 million endowment pool, said Jon Shear, university CIO. Endowment officials will probably focus on adding real estate investments but could look to new asset classes such as timber, and oil and gas. The endowment pool's alternative portfolio currently consists of a 12% allocation to hedge funds and a 5% allocation to real estate, which is mainly invested in REITs. LCG Associates is assisting with the study, which should be finished in early fall.