Hedge Funds
A recent survey finds that endowments and foundations expect to continue increasing their allocations to alternative investments.
A foundation based in the Mid-Atlantic region added two hedge fund investments and a private real estate fund in the fourth quarter.
The plan approved investing $7 million in a credit hedge fund at its board meeting yesterday.
A California plan has concluded its search for an alternative investments dedicated managed account platform provider.
The hire concludes a volatility risk premium manager search from last year.
A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.
A university in the South increased its domestic equity target last year at the expense of its international equity, absolute return and long/short allocations.
They will oversee traditional strategies and alternatives, including private strategies and hedge funds, the firm said.
A Virginia-based pension plan terminated a REIT manager last week and discussed the termination of a hedge fund-of-funds manager in August.
Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.
