Hedge Funds
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.
The plan has issued an RFP seeking non-discretionary consulting services.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension fund also added several private markets commitments in recent months.
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.