Michigan Endowment Plans to Invest in Litigation Fund

By Janet Lorin, Bloomberg News

The University of Michigan plans to invest $50 million with a fund co-founded by Boaz Weinstein and Lee Drucker that specializes in litigation strategy.

Lake Whillans Fund I, based in New York and Palo Alto, California, provides funding for commercial litigation involving breach of contract or trade secret misappropriation, according to the agenda of the public school’s Feb. 16 board of regents meeting. The fund will receive a portion of the proceeds from successful cases. The endowment’s value is $10.5 billion as of Dec. 31.

The average annual return for college endowments as of June ...