Hedge Funds
The plan recently hired four hedge fund managers as part of its transition to a direct investment model.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The commitments include two first time managers for the plan.
The plan is watching two absolute return managers due to concerns related to turnover and portfolio construction.
The plan retained its high-yield bond manager from a field of 28 candidates.
The fund wrapped up its search for multi-strategy hedge fund managers with two firms that will supplement and complement its existing hedge fund manager.
The plan will make a decision on its ongoing long/short hedge fund search.
The plan rehired its cash overlay manager and terminated a portable alpha manager.
The plan is seeking several managers to handle a yet-to-be-determined mandate.
The elimination will affect three managers that handle a total of more than $1.7 billion.
