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Cornell University has conducted an asset allocation review for its $5.1 billion endowment and plans to come out with the new asset allocation target. The process began in late 2011.
CIO A.J. Edwards declined to comment, but according to an investment report he penned in December, Cornell has been eyeing distressed credit opportunities in the U.S. and Europe, and is keen on energy and emerging markets.
The Ivy League school's endowment was 1.2% or roughly $60 million short of hitting its 11% target...