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.
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.