The Russian crisis is providing fund managers with another test of their liquidity limits. With Moscow’s bourse frozen, firms including JPMorgan and Amundi have suspended redemptions from funds worth more than $4 billion. It’s another reminder of the fragility of asset managers’ promise that customers can withdraw cash whenever they want.
BlackRock is among firms that have had informal discussions with SEC officials on the difficulty of exiting positions in Russian securities after the invasion of Ukraine.
The hedge fund outlook for 2022 is optimistic as investors seek to inject a further dose of capital into low beta strategies to protect against rising inflation.
Historically black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets, particularly private equity and venture capital, as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios, according to investors and allocators.
The Southern university system approved creating a $300 million endowment to help undergraduate students pay for college with funding coming from investment returns generated by university financial officers.