Hedge Funds
The pension plan will liquidate its entire domestic equity roster.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The pension plan has selected one firm to provide hedge fund, credit and real assets consulting services.
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.