Oklahoma State Regents for Higher Education manages an endowment fund which is based in Oklahoma City, Oklahoma. The endowment fund program was started in 1988 to attract and retain faculty by establishing professorships, chairs and related activities to improve the quality of instruction and research at state colleges and universities. The assets of the endowment fund are managed by the board of regents.Oklahoma State Regents for Higher Education Endowment Fund's investment portfolio is valued at $746.81 million, with investments in domestic and international equities, private equity, fixed income, hedge funds, cash, and real assets.