Alternatives
The university will consider adding a currency overlay manager to take active positions in currencies and a venture capital strategy this week after increasing its target to the asset class in late 2022.
The university will consider committing $10 million across three underlying funds with a venture capital manager and fully terminating its investment with a hedge fund manager for diversification purposes.
The fund expects to receive an education on portfolio leverage and portable alpha strategies this month before it reviews its strategic asset allocation this summer and restructuring its real estate portfolio later in the third quarter.
The plan will consider three pacing plans at its board meeting this week and recently added a private equity commitment with an existing manager.
The plan added two commitments totaling up to $80 million in the first quarter.
The commitment appears to represent a new relationship for the plan.
Plan’s investment and operations committee will recommend one finalist to the full board later this month.
New research shows that institutional investors should not pause or stop their private markets commitments in difficult markets, but instead continue to invest to take advantage of mispricing.
The university will consider gradually eliminating its fossil fuel exposures as well as pivot its target allocation toward illiquid strategies within its endowment this week.
The asset class will represent a new investment for the plan.