Hedge Funds
The maiden allocation to real assets as part of broad asset allocation changes.
The foundation added private equity, hedge fund and real estate investments with new managers within its combined investment portfolio in the first three quarters of 2026.
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan also approved several new private markets commitments at a board meeting last week.
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.
