Funds of Hedge Funds Institutional Investors

University of Kentucky seeks FoHFs


The University of Kentucky has set aside 10% of its $900 million endowment to allocate to absolute return strategies, according to a newly adopted investment policy.

Such a portfolio would include US and non-US managers and, according to the policy document, would incorporate a fund of fund investment structure following the approval of the investment committee. Absolute return strategies would be within an overall 36% allocation to alternative investments. The portfolio would be split between two core absolute return funds of funds and a single opportunistic fund of hedge funds.