Content area
Full Text
|
|
|
|
|
|
|
Potential Searches |
|
|
|
|
|
|
| Total |
| Account |
|
|
|
Fund & City | Amount | Assignment | Size | Consultant | Comments/Firm Hired |
|
Case Western Reserve | USD1,600 | Global / Hedge Funds / | N/A | Cambridge Associates, Boston | The endowment is eyeing more global macro and commodities |
|
University, Cleveland |
| Global Macro |
|
| hedge funds as it turns away from long/short equity managers. It |
|
|
|
|
|
| invests roughly 16% of its $1.6 billion endowment in marketable |
|
|
|
|
|
| alternatives but is shying away from adding long/short exposure |
|
|
|
|
|
| because it prefers to hedge risk more directly through derivatives. |
|
Case Western Reserve | USD1,600 | Emerging Markets / | N/A | Cambridge Associates, Boston | The school is examining its emerging markets exposure, which is |
|
University, Cleveland |
| Active Equity |
|
| primarily weighted toward the BRIC countries. It is monitoring |
|
|
|
|
|
| additional markets in Latin America, Turkey, Indonesia and South |
|
|
|
|
|
| Korea, which like the BRIC countries are also growing at a fast |
|
|
|
|
|
| pace. It believes that the ideal investment would gain exposure to |
|
|
|
|
|
| multiple countries to avoid country-specific funds that pose |
|
|
|
|
|
| benchmarking issues. |
|
Henry J. Kaiser Family Foundation | USD550 | U.S. / Active Fixed Income | N/A | Cambridge Associates, Boston | The foundation is considering a maiden fixed-income investment. It |
|
|
|
|
|
| traditionally eschewed the asset class due to its ownership of an |
|
|
|
|
|
| office building complex, which provides an income stream in lieu of |
|
|
|
|
|
| actual bond investments. Its keen on the move as it believes that |
|
|
|
|
|
| the asset class along with the building's revenue stream would |
|
|
|
|
|
| provide additional alpha. Pending approval it plans to tap three or |
|
|
|
|
|
| four managers each with allocations of roughly $15-20 million, in |
|
|
|
|
|
| the next three-four months. |
|
Mount Holyoke College, South Hadley, MA | USD600 | U.S. / Alternative | N/A | Cambridge Associates, Boston | The fund is eyeing an influx of alternatives investments and is |
|
|
|
|
|
| scouting hedge funds, real assets, private equity and venture capital |
|
|
|
|
|
| for the move. It has a 25% target to hedge funds, but has only |
|
|
|
|
|
| invested around 20%. The school typically allocates around |
|
|
|
|
|
| $5-10 million per each marketable alternatives investment. Calls |
|
|
|
|
|
| from managers should be directed to Jim Mnookin, Charles |
|
|
|
|
|
| Sherman and Ana Yankova at its investment advisor, Cambridge |
|
|
|
|
|
| Associates. |
|
Oklahoma School Land | USD1,800 | U.S. /... |