Hedge Funds
The pension plan approved three commitments with an existing manager relationship last week.
The pension plan will consider hiring one firm to provide hedge fund, credit and real assets consulting services next week.
The university has hired a senior investment officer to handle the day-to-day management and oversight of private equity portfolio, including responsibility for pacing models, allocation and strategy development along with due diligence, manager selection and monitoring.
The fund will consider hedge fund and infrastructure commitments to help reach its target asset allocation at its May 31 board meeting.
The foundation is searching for an investment analyst focused on hedge funds to help its team in sourcing, analyzing and managing hedge fund managers.
The pension plan expects to commence the contract on Nov. 19.
The founder of the Simons Foundation, who previously led leading quantitative hedge fund manager Renaissance Technologies, died on May 10 in New York City at the age of 86.
The plan also terminated a bank loan manager at its March board meeting.
The foundation added distressed credit, mezzanine debt and hedge fund-of-funds strategies to its portfolios last year.
The searches result from a new strategic asset allocation.