Hedge Funds
Many endowments, foundations and their allocators point to relatively small or medium-size private equity buyout and early-stage venture capital for returns that outpace the public markets, while private real estate, infrastructure, hedge funds and private debt, especially asset-based lending look like strong portfolio diversifiers in this year’s mercurial environment.
The retirement fund received three proposals in response to an RFP issued in May 2024.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The university added a new hedge fund manager to its endowment in December after fully redeeming from another hedge fund at the end of the third quarter.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The retirement system will also see its executive director retire on June 30.
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The pension plan recently made three commitments totaling $800 million.
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.