Hedge Funds
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
Retirement system is seeking a pool of managers to provide the services.
The plan hired a pair of domestic small-cap growth equity managers last week.
The firm hired two co-portfolio managers to lead its quantitative short-term strategy designed to identify top-down market regimes and systematically uncover patterns in price data.
The firm has promoted a v.p. and analyst to portfolio manager for several of its growth equity and long/short equity strategies.
Two of the searches stem from a revised asset allocation adopted last month.
The plan hired two hedge fund managers after conducting finalist interviews at a meeting today.
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
Nonprofits still see opportunities in alternative asset classes, like smaller or specialized buyout strategies, venture funds or private debt strategies that benefit from macro trends like the higher interest rates, rapid development of artificial intelligence or transition to clean energy.
The university fully liquidated a hedge fund investment within its endowment in the fourth quarter and reinvested the proceeds in a money market fund.