Alternatives
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
The plan committed to existing managers’ latest funds.
Plan approved four new alternatives commitments and has begun a search for an investment analyst.
Plan added a $20 million re-up commitment at this month’s board meeting.
Plan disclosed new private equity and real estate commitments at its meeting last week.
The plan bolstered its private equity portfolio with several commitments with existing managers in recent months.
The university’s new cio is looking to potentially add new hedge funds or other alternative investments to its portfolio.
The strategy is firm’s first fund created specifically to serve the foundation and endowment investors.
The fund approved fully redeeming from a real estate manager this week due to continued underperformance as its strategy has been affected by its concentration in office and retail properties.