University of Vermont and State Agricultural College, Burlington, made two new direct hedge fund investments totaling $15 million for its $499 million endowment pool.
The university's investment subcommittee approved a direct investment of $10 million in Baupost Value Partners IV, a hedge fund managed by Baupost Group, and $5 million to Overlook Partners Fund, a hedge fund managed by Overlook Investments Group, recently released minutes of its April 15 meeting show.
Spokesman Jeffrey Wakefield would not provide further information.
