The University of Toronto Asset Management Corporation has
re-oriented its hedge fund programme with plans to distribute
hedge fund holdings across the $4.4 billion pension and
endowment portfolio with a focus on risk drivers rather than on
standard asset classes.
The new investment plan has yet to be approved by the board,
but should staffers move forward the current hedge fund
allocation of 17.5% will change to a 10% allocation to an
absolute return portfolio and up to another...