University of North Carolina, Chapel Hill

Generated outreach message alignment report
1. You implement the portfolio through external managers and actively seek best-in-class partners.
As an entrepreneurial, owner-managed, high-conviction hedge fund, we fit your model of partnering with specialist external managers and can offer a differentiated, concentrated approach within your existing manager-of-managers structure.
Evidence
“The Fund invests its assets with third-party investment managers.” “PARTNER WITH BEST-IN-CLASS INVESTMENT MANAGERS”
2. You maintain significant allocations to hedge funds and explicitly seek diversifying, low-correlation strategies.
Our strategy targets low correlation and downside protection, aligning with your use of diversifying and long/short hedge funds to balance equity risk.
Evidence
“Long/Short Hedge Funds 1,652,790,743” “Diversifying Hedge Funds 893,848,144” “Diversifying Strategies - Diversifying strategy managers use strategies that tend to be uncorrelated with major equity market indices.”
3. You are globally oriented, benchmark to ACWI/Global 70-30, and allocate to managers with global equity exposure.
Our global mandate—including emerging markets—fits your ACWI-linked framework and your preference for managers who invest across geographies and currencies.
Evidence
“70% MSCI All Country World Index (ACWI), 30% Bloomberg U.S. Aggregate Bond Index” “Long Biased Equity - ... managers ... hold long positions in publicly listed equity securities to gain equity market exposure globally.” “The Investment Fund’s +11.6% return ... trails the +13.2% return of the more “traditional” equity market-focused Global 70/30 Portfolio.”
4. You emphasize net-of-fee outperformance vs SIPP and a long-term real return objective of CPI + 5.5%.
Our concentrated best-ideas approach targets durable alpha and long-horizon compounding, which aligns with your benchmark-aware, real-return goals.
Evidence
“Achieve a rate of return, net of all fees and expenses, that exceeds the Fund’s primary benchmark, the Strategic Investment Policy Portfolio (“SIPP”).” “The CHIF investment objective is to earn a long-term real (i.e. inflation-adjusted) rate of return of approximately 5.5% per year.”
5. You are comfortable allocating via commingled/NAV-based hedge fund vehicles with stated redemption terms.
Our fund structure offers NAV-based reporting and standard liquidity terms (monthly/quarterly with notice) consistent with your existing hedge fund allocations and oversight processes.
Evidence
“Investments for which a readily determinable fair value does not exist include investments in hedge funds and limited partnerships.” “These investments are carried at net asset value (NAV) per share as provided by the respective fund managers...” “(1) Redemption notice periods vary and typically range from 30 days to 180 days.”
6. You look for differentiated, specialist managers who think independently.
We are an entrepreneurial, owner-managed firm running a concentrated, high-conviction strategy designed to be differentiated and complementary within your manager lineup.
Evidence
“As it relates to the Fund, diversification is primarily achieved through strategic asset allocation at the aggregate level and then augmented by differentiated strategies implemented by individual investment managers.” “seek to partner with managers that possess highly specialized skills, an ability to think independently, and have a demonstrated track record of adding value.”
7. You value long-term, demonstrable manager track records and peer-relative excellence.
Our long record of results and risk-adjusted returns is designed for multi-year evaluation and peer comparison, aligning with your emphasis on sustained, top-quartile outcomes.
Evidence
“Over longer periods of five, ten and twenty years, the Investment Fund’s returns continue to rank in the top quartile relative to this endowment universe.” “We ... seek to partner with managers that ... have a demonstrated track record of adding value.”