Hospital Eyes Hedge Funds

Filed in archive Hedgetalk on August 27, 2007

MediCorp Health System may start investing in "alternative investments" including hedge funds, an executive for the Fredericksburg nonprofit said.

MediCorp's board of trustees will likely vote on that issue later this year, said Chief Financial Officer Lester W. Abernathy. He said the board's investment subcommittee has been discussing alternative investments such as hedge funds and real estate funds, and it'll likely be brought before the entire board this fall.

If MediCorp does decide to invest in hedge funds, the subject will join a growing list of foundations and universities. The list includes the University of Mary Washington.

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