Xavier to look at alternatives in asset allocation study

Xavier University, Cincinnati, will consider an initial investment in alternatives as part of an asset allocation study of its $100 million endowment to begin in September. Scott Harsh, president of Fund Evaluation Group, Xavier's general consultant, said details on an initial allocation to alternatives have not been decided. "Right now, we're not specifically talking about any particular type of alternative investment. We will look at every type of alternative." The study will likely be finished by year's end. The fund is considering alternatives largely because it has hit the $100 million mark this year. Richard Hirte, vice president of finance and administration at the school, was unavailable for comment.