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