University of Virginia May Increase Alternatives
July 9, 2009
The University of Virginia could see its private equity, real estate and commodities portfolios swell to double their size, Christopher Brightman, CEO at the University of Virginia Investment Management Company told Bloomberg.
Over the next six years, the $4 billion endowment fund’s holdings in the asset classes are expected to reach roughly $2 billion due to commitments made prior to the collapse of the financial markets, he said.
Investments in alternative strategies have resulted in a 22% decline from July 2008 through May, Bloomberg reported.
For more information on related topics, visit the following:
