Institutional Investors

University of Kentucky taps Prisma


The $945 million endowment of the University of Kentucky has selected Prisma Capital Partners for the absolute return RFP it issued late last year.

The $50 million investment was funded and placed in the Prisma Spectrum Fund, according to Susan Krauss, assistant treasurer for investments at the university.

Last September, the investment committee voted to terminate GAM, one of three absolute return managers, due to the departure of several investment team members. The University of Kentucky investment staff issued a redemption notice from its $43 million investment in GAM that became effective at the end of