Syracuse University - Message Points

1. You run the endowment through an OCIO (Partners Capital) that selects and operationally manages external managers.

As an entrepreneurial, owner‑managed hedge fund, we fit into OCIO‑led manager lineups and can engage through Partners Capital’s due‑diligence process.

Evidence

“Partners Capital serves as the outsourced chief investment officer for the University. The funds are operationally managed by Partners Capital, with daily governance and oversight from the Chief Financial Officer and University Treasurer.” “Partners Capital serves as the outsourced chief investment officer for the University.” “In December 2019, the Committee appointed Partners Capital as the Outsourced Chief Investment Officer for the University.”

2. You maintain a sizable, ongoing hedge fund allocation (long/short, multi‑strategy, global) and accept longer redemption terms and lock‑ups.

Our high‑conviction, low‑correlation strategy in a commingled fund with measured liquidity terms aligns with your structure and tolerance for hedge fund illiquidity.

Evidence

“Hedge funds: Long/short Quarterly to illiquid 179,546 Multi-strategy Monthly to illiquid 218,143 Global and other Monthly to illiquid 435,532” “The days’ notice that is required to be given to investment managers to redeem...1 to 125 days for hedge funds.” “Certain of the University’s hedge fund investments are illiquid as a result of restrictions that include contractual lock up provisions, redemption notification requirements, and other restrictions.”

3. You have a stated preference for direct hedge fund managers over fund‑of‑funds.

As a concentrated, owner‑managed boutique, we offer direct exposure without an FoF layer, aligning with your historical move toward direct manager selection.

Evidence

“The investments with fund-of-funds managers were liquidated to accommodate direct investment of those monies with individual hedge fund managers selected by the University’s Investment and Endowment Committee.”

4. You invest globally across asset classes, including international equities and ‘global and other’ hedge fund strategies.

Our global mandate (with emerging markets capability) can add differentiated, non‑U.S. alpha and diversify a U.S.‑heavy book while fitting into your global alternatives sleeve.

Evidence

“The Managed Endowment is invested in a global, multi-asset class portfolio including public equities, hedge funds, private equity, real assets, credit, and fixed income.” “U.S. equity Daily $433,662 433,662 International equity Daily 127,068 127,068” “Global and other Monthly to illiquid 431,212”

5. You emphasize diversification and volatility mitigation, using hedged strategies and derivatives to lower correlation and smooth returns.

Our low‑correlation, risk‑managed approach is designed to diversify policy benchmarks and dampen drawdowns in support of stable endowment spending.

Evidence

“Diversification of investments across asset classes helps mitigate risk and alleviate the effect of excessive volatility.” “Funds with hedged strategies generally hold securities or other financial instruments...including...options, swaps, currency hedges, and other instruments.”

6. You follow a long‑term, total‑return mandate focused on preserving purchasing power and evaluate multi‑year results.

Our long track record and multi‑year, high‑conviction process target inflation‑beating returns with disciplined risk control, aligning with your spending and preservation goals.

Evidence

“Syracuse University is committed to a long-term investment philosophy of maximizing return relative to risk in order to safeguard the purchasing power over time and manage the need of current spending with multigenerational growth.” “The fund’s three-year and five-year annualized returns were 5.9% and 9.6%, respectively.” “The annual fiscal year distribution is calculated by applying a distribution rate...to the average of the monthly unit values over a 36-month period.”

7. You are comfortable allocating via commingled/NAV‑based funds and rely on manager‑reported NAV as a practical expedient.

Our pooled fund structure with standard NAV reporting and institutional liquidity terms matches your structural and valuation preferences.

Evidence

“The University’s interests in alternative investment funds are generally reported at the NAV reported by the fund managers.” “In the absence of readily determinable public market values, alternative investments are valued using current net asset values (NAV) or the equivalent as a practical expedient to approximate fair values.”