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Additional Details about the Westridge Capital Management Matter

Mar 20, 2009

The $10 million invested with Westridge Capital Management was from the General University Endowment and will not affect any individual scholarship or program endowments held by the University. The University endowment is invested with the advice of Hartland & Company of Cleveland that advises universities and other non-profits throughout the Mid-West. Among other services, their professionals recommend managers to the Investment Committee of the Board of Trustees to oversee portions of the University endowment. In May of 2007, Westridge Capital Management was recommended to ONU.

 

See also: Ohio Northern University Endowment Seeks to Recoup Funds after SEC Reveals Investment Fraud

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