Wooster Big On Hedge Funds For Endowment

The College of Wooster is a small, liberal arts college in Ohio whose graduates have historically gravitated toward careers as Presbyterian ministers, music teachers or college professors, not traditionally high-paid professions. Yet its endowment is on a roll. Nearly 80 percent of the endowment's assets are invested in hedge funds — making Wooster among the endowments with the largest exposure to hedge funds, according to the National Association of College and University Business Officers. Still, that strategy has brought it rich rewards: Its endowment has climbed to $250 million today, from $89 million in 1990. Read more at:
http://www.nytimes.com/2006/05/10/business/10place.html?_r=2&oref=slogin&oref=slogin