The $3.874 billion Leona M. and Harry B. Helmsley Charitable Trust continues to expand its combined exposure to hedge funds and private equity, which totaled $1.598 billion as of March 31, 2012, the most recent data available.
That is an 85% increase from the $864 million in 2011. In 2009, hedge funds and private equity accounted for $159.1 million. The number of hedge fund strategies and private equity funds in the trust's portfolio increased to 40 from 21 in 2011 and only nine in 2009.
The foundation's largest hedge fund investment was Coatue Offshore at $111.9 million. Notable new hedge fund and private equity investments included $108 million each with Daruma Capital Management and Highclere International Investors, $107 million with L.A. Capital and $101 million with Colchester Global Investors.