Hedge Funds
Plan will seek a real estate manager to diversify its portfolio.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
The university’s new cio is looking to potentially add new hedge funds or other alternative investments to its portfolio.
The institution added a short-duration fixed-credit strategy and structured credit vehicle to its endowment last week as it looks to focus on risk mitigation given volatility in the equity and fixed-income markets.
The system recently added a long/short hedge fund investment with a new manager and two venture capital commitments with an existing manager in its endowment.
Plan approved a new asset allocation policy that addresses the current marketplace.
The commitments include three first-time investments.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
