Institutional Investors

London's SOAS redeems $4.2m


The London-based School of Oriental and African Studies (SOAS) has redeemed its $4.2 million hedge fund investment.

However, endowment chiefs have not ruled out re-entering the asset class in the future although they feel that now is not the right time.

The reasons cited for the redemption were an overall de-risking of the portfolio in the light of market turbulence and a relative lack of communication from its Hong Kong-based fund of funds provider.

Nevertheless, the investment panel believe that the investment was a successful one that had generated solid returns.

Management of the $32.4 million SOAS portfolio is outsourced to