Alternatives

Plan committed to firm’s fourth fund after previously committing to each preceding fund.

Plan approved a $7 million investment in a credit hedge fund at today’s board meeting.

The firm hired a senior v.p. and consultant advisor for U.S. institutional services to work with relationship management teams and serve as a liaison with clients and consultants with a focus on the firm’s alternative investment capabilities.

Institution’s newly approved endowment asset allocation increases its target to private equity at the expense of hedge funds.

Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.

Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.