Hedge Funds
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The plan hired Albourne as its new strategic investments consultant and brought on Aksia for its private credit portfolio.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The plan will look to hire five firms after launching a search in January.
The university moved its endowment toward private equity, U.S. equity, global equity and hedge funds, as part of a new investment policy statement approved at its November meeting.
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.
The plan has issued an RFP seeking non-discretionary consulting services.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.