University of Vermont and State Agricultural College, Burlington, made a manager hire and direct hedge fund investment totaling $35 million for its $568 million endowment pool.
The university's investment subcommittee approved the hiring of Ownership Capital to manage $25 million in active global equities and also approved a direct hedge fund investment of $10 million in Charles-Lim Asia Global Fund, managed by Charles-Lim Capital, at its Nov. 18 meeting, recently released meeting minutes show.
Investment consultant Cambridge Associates assisted.
University spokeswoman Erin Dickinson referred questions to the minutes.
