Alternatives
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The value-add real estate manager has promoted an asset manager to v.p. of asset management to oversee its asset management team and take over responsibility for risk management.
The firm has added a green energy infrastructure investment team to its Asia business and the transaction is expected to be completed next month.
The university also pivoted one of its retirement plans toward fixed-income during the fourth quarter.
The plan expects to choose a private credit consultant following finalist interviews with three firms scheduled for tomorrow.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The commitments include two first time managers for the plan.
The director has left the institution to join an alternatives firm as a managing director focused on investments across non-corporate debt and real assets.
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.