Hedge Funds
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.
The institution is searching for an investment manager for public markets to participate in all aspects of its investment process from identifying and evaluating new investment opportunities through conducting due diligence meetings with potential managers.
The plan recently committed $245 million total to two private equity managers and one hedge fund manager.
An education system based in a Southern state has approved new investments to hedge fund, credit and real estate strategies.
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.