Hedge Funds
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.
The plan disclosed several new private commitments in addition to two absolute return manager redemptions at its meeting Friday.
The plan concluded a global equity search conducted in the fourth quarter.
The plan disclosed new private equity, credit, portable alpha and real estate commitments at a meeting today.
He will oversee Vector Credit’s marketing and investor relations activities.
