Hedge Funds
The university added a new hedge fund manager and committed to an existing private equity manager within its endowment in the third quarter.
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The consulting firm is conducting the search on behalf of a public fund client.
The plan also terminated three managers last week.
A university system based in a Southern state has approved a commitment to a global macro hedge fund strategy.
The foundation added several strategies to its marketable alternatives portfolio during the first half of the year.
The commitments include a $300 million commitment to a separately managed account focused on private credit emerging managers.