Hedge Funds
The institution approved venture capital commitments to a firm that marks a new relationship and terminated a hedge fund manager for liquidity purposes and being overweight its targets to the strategies.
The $27 million in assets will be used for liquidity purposes.
Institutions are gravitating toward private markets following rising inflation and a volatile stock market in 2022 and the nonprofit segment anticipates increasing their usage of hedge funds, according to a new report.
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 plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The university approved fully liquidating a hedge fund manager and committing to a private equity strategy within its endowment in the first quarter.
Newly enhanced requirements affect large hedge fund and private equity advisors.
The consulting firm has issued an RFI on behalf of an undisclosed public fund client.
The plan will add six managers to the portfolio over the next six to nine months in a restructuring that will also see staggered terminations.
The plan’s hedge fund committee considered a $175 million commitment last week.