So-called super endowments, epitomized by the Harvard and Yale endowments, have really turned heads in the asset management world as of late. Super endowments have bet big on alternative assets to spectacular results. Harvard's endowment is up 20 percent from the start of 2007. Yale's endowment rose 25 percent. So Gottex Fund Management may be on to something with its global, multi-asset investment program--which may seek to emulate the endowment style. According to FINalternatives, it will allocate about 60 percent or more to alternative investments. The funds will be actively managed and will pursue both strategic and tactical investment opportunities across many asset classes. Gottex argues that we're at the beginning of a convergence of alternative and traditional investment management, as more funds segregate beta and alpha and the emphasis is on risk adjusted returns.  

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