The university moved its endowment toward private equity, U.S. equity, global equity and hedge funds, as part of a new investment policy statement approved at its November meeting.
The endowment is preparing to conduct a search for an investment consultant for its portfolio after wrapping up its U.S. direct lending manager search at its November board meeting.
The director will lead management of the investment portfolio’s quantitative and systematic strategies, primarily sourced through derivative investments.
The foundation recently entered the secondaries market by purchasing private equity interests and other illiquid assets from a prominent pension that is considering folding.
The adoption of AI technologies across the economy may yield 1-3% more annual economic growth across the U.S., requiring a significant growth in demand for energy utilities and infrastructure that bodes well for nonprofit investors with allocations to the asset class.
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.