Hedge Funds
The retirement system added $860 million across three new commitments in May.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The retirement system also made one full redemption at today’s board meeting.
The retirement association recently made two redemptions for performance reasons.
The retirement plan hired three hedge fund managers in the first quarter.
The retirement system also recently made commitments totaling $343 million.
The retirement system also hired a new hedge fund manager in the second quarter.
The fund is searching for a director of hedge fund investments as well as an associate for private equity funds to assist in the oversight and management of its portfolio.
The retirement association also recently committed $205 million across six new funds.
The pension fund’s outsourced cio disclosed a pair of manager removals in the first quarter.
