The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The university approved five new commitments totaling $81 million to private equity, venture capital, private credit and hedge fund strategies within its endowment.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.