Trustees for the University of Houston endowment fund are considering a $15 million commitment to Atalan Capital Partners to add a fourth long/short equity strategy to its growing hedge fund program.
It is understood that trustees put off the recommended approval of the commitment proposed by consulting firm Cambridge Associates and will be doing a broader review of the hedge fund portfolio in early 2020.
For the year through September, hedge funds outperformed the endowment’s benchmarks and gained 5.9%. Outperformance of the $755 million endowment overall in 2019 has been attributed to . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.