Institutional Investors

Texas Tech University adds Tiger cub to allocation


The Texas Tech University endowment continues to grow its hedge fund programme with the latest addition being the Discovery Global Opportunity Fund.

Discovery Capital Management is located in Connecticut and is managed by Rob Citrone, who got his start at Tiger Capital in the late 1990s. Officials at the $790 million endowment also like another Tiger cub, Argonaut Capital Management, but have not invested with the firm, according to Gary Ratliff, chief investment officer of Texas Tech University.

The endowment’s asset allocation includes a hedge fund mandate range from 20% to 40% of the total portfolio, with a