Hedge Funds
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The university has added to its investments with a domestic large-cap equity and multi-strategy hedge fund manager since September.
The trust initially received an education on the strategy in August.
The plan disclosed new commitments totaling $525 million at its board meeting last week.
The search will be conducted to replace a recently terminated hedge fund manager.
The plan added commitments with two new hedge fund managers and two existing real estate managers this summer.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The retirement plan made two commitments following finalist interviews yesterday.
The plan also renewed several of its investment consulting contracts at today’s board meeting.
The pension plan recently made two commitments totaling $548.9 million.