University of Cal Berkeley Foundation

Generated outreach message alignment report
1. You explicitly favor concentrated, high-conviction managers over excessive diversification.
We run a concentrated, best-ideas portfolio designed to let conviction drive outcomes, aligning with your emphasis on meaningful position sizing and impact.
Evidence
“Emphasize portfolio concentration with high-conviction investments over excessive diversification.” “Concentration helps ensure the portfolio reflects investment conviction, and that high-conviction investments can significantly impact total portfolio performance.”
2. You prefer active managers with rare, exceptional decision-making skill.
Our high-conviction, research-intensive approach is built to deliver true active alpha rather than benchmark exposure—matching your focus on scarce manager skill.
Evidence
“Engage active managers, acknowledging manager skill is scarce.” “Seek managers with exceptional decision-making.”
3. You maintain a meaningful Emerging Markets allocation, benchmarked to MSCI EM, and accept near-term volatility for secular growth.
We have deep EM capability within a global mandate and aim to capitalize on secular growth with disciplined risk controls—well suited to your EM sleeve.
Evidence
“Emerging Markets Equity 15% 5-20% ... Emerging Markets Equity MSCI Emerging Markets (net)” “Emerging Equities Enhanced returns / path of growth / secular opportunities. Capitalize on comparative advantage re: tolerance for short‑term volatility.”
4. You use an Absolute Return sleeve of hedge funds aiming for low correlation and limited drawdowns, benchmarked to HFRI FoF Conservative.
Our strategy targets a low-correlation return stream with tight drawdown control—positioned to complement your Absolute Return objectives.
Evidence
“The Absolute Return portfolio – comprised of hedge funds and select credit funds – continued to deliver steady, risk-adjusted performance” “Absolute Return Solid absolute performance with low correlation and beta to equities and credit. Limited drawdown risk.” “Absolute Return Hedge Fund Research, Inc (HFRI) Fund of Funds Conservative Index”
5. You evaluate managers on a long-term horizon (10+ years) and emphasize long-term orientation.
We manage with a decade-plus mindset and a long track record, aligning with your evaluation window and patience through cycles.
Evidence
“"Long Term" means rolling periods in excess of 10 years.” “• Long-term orientation”
6. You look for strong incentive alignment and primary, research-driven processes.
As an owner-managed, entrepreneurial firm, we invest significant personal capital and rely on bottom-up primary research—matching your alignment and process priorities.
Evidence
“Seek strong incentive alignment.” “Emphasize primary research, driving insight, conviction, and relationships.”
7. You allocate to third-party managers and are open to flexible structures (SMAs, funds-of-one, co-investments) to improve net returns.
We can accommodate bespoke structures and fee alignment—useful for a small, nimble manager working closely with BEMCO.
Evidence
“BEMCO invests the portfolio in funds or accounts managed by third-party investment firms” “Investment structures may include commingled vehicles, separately managed accounts, funds of one” “Other fee reducing strategies including negotiated separate accounts, co-investment, and direct investment strategies will be considered”
8. You diversify across geographies and reference MSCI World for developed equity exposure.
Our global mandate (with EM capability) provides flexible international exposure aligned with your geographic diversification and benchmarks.
Evidence
“Diversification is across asset classes, strategies, geographies, and managers” “Developed Equity MSCI World with USA Gross (net)”