Furman University

Generated outreach message alignment report
1. You maintain a 10–20% allocation to Flex Capital/Hedged Strategies and emphasize equity-like returns with lower volatility and low/negative correlation.
Our concentrated, low-correlation long/short approach is designed to deliver equity-like returns with dampened volatility and diversification benefits, aligning with your hedged strategies sleeve.
Evidence
“Flex Capital/Hedged Strategies 15.0 10-20 HFRI Fund Weighted Index” “The primary purpose of market-directional or equity long/short hedge funds is to earn equity- like returns with less volatility than equity markets over time.” “Additionally, both kinds of hedge funds increase diversification by potentially being significantly less correlated to equity and fixed income markets, thereby lowering the risk/volatility of the portfolio in aggregate.” “Some absolute return strategies may even exhibit negative correlation to equity markets.”
2. You explicitly allow investing with more concentrated managers when sized appropriately.
Our best-ideas, high-conviction portfolio is intentionally concentrated; your policy’s flexibility around issuer concentration aligns with our approach.
Evidence
“However, there may be opportunities to invest in managers that are more concentrated or specific strategies that result in issuer concentration greater than 20%. Such investments will be sized appropriately within the context of the overall endowment pool.”
3. You target a dedicated Emerging Markets equity allocation (5% target; 0–10% range) benchmarked to MSCI EM.
We have deep EM capability within our global mandate and can provide active, benchmark-aware EM exposure with high conviction and risk controls.
Evidence
“Emerging Markets Equity 5.0 0-10 MSCI Emerging Markets”
4. You maintain a material Non‑U.S. developed equity allocation (10–20% target) benchmarked to MSCI EAFE.
Our global/international mandate actively invests across developed markets, providing differentiated non‑U.S. alpha sources complementary to your EAFE sleeve.
Evidence
“Developed Non-US Equity 16.0 10-20 MSCI EAFE” “Non-U.S. Developed Equity 8.0%-18.0% 15.3% 16.0%”
5. You prioritize active management where long-term outperformance is probable and use passive mainly during transitions or in highly efficient asset classes.
As a boutique, owner‑managed, high‑conviction manager, our active stock selection aims to deliver benchmark‑beating returns over multi‑year periods, justifying active fees.
Evidence
“Active strategies should be utilized in inefficient asset classes or uniquely structured in more efficient asset classes , where outperformance over the appropriate benchmark is probable over long periods of time.” “Passive investment vehicles will be considered during periods of manager transition or in highly efficient asset classes.”
6. You are open to unconstrained/non‑traditional strategies and dedicate a sleeve to Flexible Capital.
Our flexible, opportunistic global strategy can adjust across regions and market caps, fitting your preference for unconstrained approaches within the Flexible Capital bucket.
Evidence
“Unconstrained or other non-traditional strategies may be utilized when those opportunities match certain market conditions.” “Total Flexible Capital 7.0%-17.0% 18.5% 15.0%”
7. You prefer offshore hedge fund vehicles to minimize UBTI.
We can offer an offshore fund structure, aligning with your tax‑efficient implementation preferences for hedge fund allocations.
Evidence
“Where possible, hedge fund investments should be in offshore vehicles to minimize unrelated business taxable income (UBTI).”