At $2.8 billion New York University’s (NYU) endowment fund is not the biggest. But chief investment officer Tina Surh has committed almost half of the funds available to her to hedge fund vehicles.
Her investment style is the envy of many. Under her watch NYU’s endowment has become known for producing strong risk-adjusted returns. This has come about through a repositioning of the portfolio, scaling back significantly the previous high concentration in fixed income and moving into a more