Rhodes College manages an endowment based in Memphis, Tennessee. The earnings from endowment investments support scholarships, chairs, professorships, fellowships, basic research, as well as academic and public service progra The primary investment objective of the Rhodes College endowment is to attain a total return that provides for the preservation of principal and long-term growth in real ter The secondary investment objective of the fund is to constrain the volatility of the total fund through a program of broad diversification. The endowment is managed by the board of trustees.Rhodes College Endowment's investment portfolio is valued at over $352.20 million, with investments in domestic and international equity, fixed income, private equity, hedge funds, and cash.