Rochester Institute of Technology

Generated outreach message alignment report
1. You benchmark public equities to global indices and run near-parity US vs. international equity targets, signaling appetite for global and non‑US mandates.
We run a concentrated, high‑conviction global portfolio (including EM) and can align with ACWI/ACWI ex‑US frameworks while managing diversified non‑US exposure.
Evidence
“MSCI ACWI” “MCI ACWI ex US” “US Equities 19% International Equities 18%”
2. You maintain a dedicated hedge fund program with long‑biased and absolute return sleeves and benchmark against HFRI FoF.
Our high‑conviction, low‑correlation return profile fits a long‑biased/absolute‑return sleeve measured versus institutional hedge benchmarks.
Evidence
“Hedge - Long Biased Hedge - Absolute Return” “HFRI Fund of Funds” “Hedge Funds 15% Long-Biased Hedge Funds 5%”
3. You have an Emerging Managers Allocation.
As an entrepreneurial, owner‑managed firm with smaller AUM, we align with programs designed to back high‑potential emerging managers.
Evidence
“Emerging Managers Allocation”
4. You allocate via commingled vehicles and accept NAV‑based valuations, conducting manager due diligence.
Our commingled fund structure and institutional reporting align with your NAV‑based valuation process and diligence framework.
Evidence
“Commingled vehicles” “The University’s investments in commingled funds, hedge funds, and private equity and real asset limited partnerships are recorded at fair value based on the most recent NAV reported by the investment manager.” “The University has performed due diligence around these investments to ensure that NAV is an appropriate measure of fair value...”
5. You explicitly authorize the use of derivatives to hedge non‑USD exposure and for defensive portfolio strategies.
We actively manage FX and risk using listed derivatives where appropriate, which fits your governance around currency hedging and defensive positioning.
Evidence
“The University does not hold or issue derivative financial instruments for trading purposes; however, the Board of Trustees has authorized investments in derivatives to maintain asset class ranges, hedge non -U.S. dollar investments and currencies, and provide for defensive portfolio strategies.”
6. You keep a deliberately small roster of public equity managers (only 4 U.S. and 2 International).
Our concentrated, best‑ideas approach is designed to be a high‑conviction complement for a selective, limited manager lineup.
Evidence
“US Equities 4 International Equities 2”
7. You accept monthly liquidity for public equities and tolerate some hedge fund lock‑ups and redemption gates.
Our fund offers institutional liquidity terms and prudent gating/lock‑up provisions consistent with your current hedge fund program.
Evidence
“Global equity securities 198,889 - Monthly 1 to 15 days Lock up provisions expired” “Hedge funds 261,869 5,000 30 to more than 365 days 35 to 90 days 1 year lock up on 8% of allocation; all other lock up provisions expired” “12% of the Hedge funds allocation is subject to between a 25% and 33.3% annual redemption gate.”