Hedge Funds
The consulting firm is conducting the search on behalf of a public fund client.
The plan also terminated three managers last week.
A university system based in a Southern state has approved a commitment to a global macro hedge fund strategy.
The foundation added several strategies to its marketable alternatives portfolio during the first half of the year.
The commitments include a $300 million commitment to a separately managed account focused on private credit emerging managers.
The pension plan’s investment committee approved four commitments totaling $275 million last week.
Plan liquidated its 5% risk parity allocation in March and reallocated the target to hedge funds, a new allocation for the plan.
The university has incorporated an investment policy prohibiting proxy votes based on ESG-like considerations and slightly adjusted a hedge fund portfolio after completing an asset allocation study.
The pension plan will liquidate its entire domestic equity roster.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
