Institutional Investors

University of Kentucky now set to hire a FoHF

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The $945 million pooled endowment for the University of Kentucky is building up its fund of hedge funds portfolio with a new search for an absolute return fund of funds.

The investment committee of the board of trustees is considering hiring an absolute return fund of funds manager to handle approximately 5% or $47 million of the overall portfolio. Responses to the search were due by 26 August, while a firm is expected to be chosen by the end of November. The committee’s investment consultant is RV Kuhns & Associates.

The endowment assets