Ohio State University

Generated outreach message alignment report
1. You maintain a dedicated hedge fund sleeve (0–25%) and allocate to long/short equity and absolute return strategies with monthly–semiannual liquidity and modest lockups.
We run a concentrated, high‑conviction global long/short strategy with low correlation and institutional liquidity terms that align with your hedge fund program.
Evidence
“Hedge Funds 0% - 25%” “Hedge funds – absolute return, credit, long/short equities” “30 to 180 day notice periods ... Lock‐up provisions ranging from none to 2 years; investor level gates; side pockets on a few funds”
2. Your public equity program is global and benchmarked to MSCI ACWI, and you access international assets and FX via commingled funds.
Our global/emerging‑markets capability and flexible mandate can plug into an ACWI‑oriented sleeve while adding differentiated international alpha.
Evidence
“Public Equity 30-55% MSCI All Country World Index (ACWI) – Net Dividend (ND)” “Commingled funds may hold a variety of international assets that align with the university’s investment strategy.” “The university is indirectly invested in additional foreign currencies through commingled funds.”
3. You hire external managers and often add follow‑on capital to proven managers after initial selection.
As an entrepreneurial, owner‑managed boutique, we can start small and scale as we demonstrate results.
Evidence
“The chief investment officer will approve, together with the senior vice president for business and finance, the hiring of external investment managers ... and may, once an investment manager has been engaged ... approve additional investments with such investment manager or into the applicable fund.”
4. You evaluate on a long‑term, perpetual horizon and smooth spending over a five‑year average.
Our long track record and patient, high‑conviction approach are designed to compound over multi‑year periods and support stable distributions.
Evidence
“The LTIP's investment horizon is perpetual; therefore, interim performance fluctuations should be viewed with this perspective.” “The annual distribution per share is 4.5% of the average fair value per share of the Long-Term Investment Pool over the most recent five year period.”
5. You use alternatives specifically to increase diversification and reduce risk through low correlation, with an emphasis on active risk management.
Our return profile targets low correlation to equities and focuses on downside protection, aligning with your diversification goals.
Evidence
“The purpose of this alternative investment class is to increase portfolio diversification and reduce risk due to the low correlation with other asset classes.” “Generating strong real returns over market cycles and active risk management are both critical parts of our investment process.”
6. You frequently involve investment consultants for policy, asset allocation, manager selection, and performance review.
We are set up to work within consultant‑driven due‑diligence frameworks and provide the materials and reporting they require.
Evidence
“The senior vice president for business and finance may approve the hiring of one or more investment consultants to assist in policy development, asset allocation, investment structure, investment manager or fund manager selection, manager performance review, and other specialized investment topics with respect to the LTIP.”
7. You focus on net‑of‑fee outcomes and explicitly track fee drag using Cambridge Associates definitions.
We emphasize net alpha and offer institutional pricing, which helps minimize fee drag while delivering differentiated returns.
Evidence
“These returns — which are net of investment management expenses as defined by Cambridge Associates in its annual survey — are used for comparison purposes with other endowments and various benchmarks.” “In addition to the $81 million of investment management expenses, which reduced the pool by 1.1% in fiscal year 2024, the $24 million of University Development expenses and $0.7 million of other investment-related expenses further reduced the pool by 0.3%.”
8. Your U.S. and international stock allocations have a value orientation to reduce volatility and downside risk.
Our concentrated, fundamental, value‑tilted process is designed to mitigate drawdowns while compounding over time.
Evidence
“The U.S. and international stock allocations have a value orientation to potentially reduce portfolio volatility and downside risk and improve after-tax payments.”