Hedge Funds
The manager had been on watch due to underperformance.
An education system in the South approved commitments to a new hedge fund manager and an existing real estate firm within its endowment at its December board meeting.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
The plan hired Neuberger Berman at today’s board meeting following an RFP search.
One will head the firm’s hedge fund solutions business and the other will oversee special situations.
A university in the Great Lakes region will consider making a venture capital commitment and hedge fund investment within its long-term portfolio at its board of regents meeting today.
A Northwestern fund made commitments totaling roughly $1 billion.
Plan has added a $10 million investment with an existing hedge fund-of-funds manager relationship.
A Midwestern pension plan approved a new fixed-income portfolio structure today.
