Institutional Investors

Michigan State adds global long/short equity


Michigan State University continues to build up its marketable alternatives portfolio with two new global long/short hedge fund mandates totalling roughly $34 million.

Standard Pacific Capital received a $15 million allocation to manage in the Standard Pacific Global Long/Short Equity Fund, which includes investments in North American and Asia.

Doug Dillard and Raj Venkatesan have been the co-portfolio managers of the fund since 2005. The hedge fund focuses on bottom-up stock selection without market bias and analysts cultivate deep and unique knowledge across industry, regulatory and geographic channels.

The second mandate totalled $18.7 million and was allocated to