Hedge Funds
The retirement system made $275 million in new alternatives commitments in recent months.
The plan will conduct a search for multi-asset class credit investment strategies.
The plan is looking to commit $100 million to a newly established credit hedge fund.
The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The foundation added two hedge fund strategies to its portfolio in the first quarter.
Plan is seeking a consultant to provide services related to diversified strategies and/or hedge fund investing.
The plan is seeking one or more firms to provide non-discretionary consulting services for three asset classes.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The platform will make a strategic investment into the newly launched hedge fund manager’s flagship fund.