University of Oregon

Generated outreach message alignment report
1. You maintain a sizable hedge fund sleeve and explicitly seek diversification/low-correlation exposures.
Our high-conviction, low-correlation hedge fund profile is designed to diversify equity beta and deliver stable returns across regimes.
Evidence
“Endowment Asset Allocation (as of June 30, 2025) ... Hedge Funds 22.0%” “Diversifying Strategies 2.5 - 10.0 7.5” “The endowment's performance is designed to be consistent, stable, and less dependent on any one type of investment or any one particular economic environment.”
2. Your policy framework and benchmarks are explicitly global (MSCI ACWI/AGG), with a material global equity target.
Our global mandate (including EM) fits your ACWI-oriented benchmarking and need for managers who can manage international and currency risks.
Evidence
“Benchmark for T3 Quasi- Endowment is 60% iShares MSCI ACWI ETF & 40% iShares Core U.S. Aggregate Bond ETF” “Global Equity 27.50 % 7.07 %” “A liquid global market benchmark initially comprised of 70% MSCI All Country World Index ETF (Ticker: ACWI), 25% Barclays U.S. Aggregate Index ETF (Ticker: AGG), and 5% Cash”
3. You’ve embraced an OCIO model (Jasper Ridge) that allocates to external managers, including tailored, asset-class specific mandates.
As an entrepreneurial, owner-managed boutique with a focused strategy, we fit well into OCIOs’ external manager rosters for specialized mandates.
Evidence
“Effective July 1, 2021, the Foundation moved to an outsourced investment management model in an effort to boost risk adjusted returns and create additional fiduciary safeguards.” “Jasper Ridge Partners manages... diversified portfolios, as well as tailored, asset-class specific mandates.” “including the allocation of funds to various asset classes and the engagement of professional investment managers.”
4. You allow derivatives for hedging/risk management and acknowledge external managers’ proprietary derivatives policies.
Our strategy uses derivatives prudently to manage risk, hedge currency, and shape factor exposures—aligned with your governance and implementation flexibility.
Evidence
“Derivatives may be used by the Endowment Fund Manager and its selected investment managers to hedge existing portfolio exposures... or to manage portfolio risks to their targeted levels...” “At its meeting September 2021, the Board authorized the UOF and its endowment manager, Jasper Ridge Partners, to enter into derivative contracts for any purpose in the course of managing Tier 3 funds” “the Investment Committee acknowledges and agrees that any given external manager’s proprietary derivatives policies will govern its investment activities”
5. You evaluate managers over multi-year horizons and target CPI+5% real, expecting active outperformance over a full cycle.
Our long track record and concentrated, high-conviction approach are built to outperform over full market cycles and deliver durable real returns.
Evidence
“The Investment Committee intends that the Endowment Fund shall seek to achieve the long- term investment objective of an annual 5% real return, net of investment-related expenses.” “The Investment Committee... evaluate underlying managers over rolling three-to-five-year periods.” “active managers may underperform their benchmarks for prolonged periods... although it expects them to outperform over a complete market cycle.”
6. You encourage ESG integration without rigid exclusionary screens, and your OCIO applies ESG throughout investment decisions.
We integrate ESG into risk assessment and stewardship while maintaining a broad opportunity set to pursue alpha.
Evidence
“The UO encourages its advisors and managers to include ESG factors in their analytical processes.” “However, ESG considerations are only one factor in analyses and should not be used as exclusionary screens” “Jasper Ridge Partners... employs a comprehensive environmental, social, and governance (ESG) strategy throughout the lifespan of each investment decision.”
7. You invest via commingled LP/NAV vehicles and permit semi-annual liquidity for marketable managers in certain pools.
Our LP structure and standard quarterly/semi-annual liquidity align with your implementation preferences and constraints.
Evidence
“Limited partnerships are valued using the net asset value practical expedient.” “Investments Measured at Net Asset Value - T3 Investment Pool” “Up to 20% of assets in this pool may be committed by the ITP Manager to marketable fund managers whose liquidity provisions are no more restrictive than semi-annually.”
8. You already allocate to macro hedge funds and highlight the diversification benefits of systematic global macro.
Our global/EM, research-driven approach and low correlation can complement your macro sleeve and overall diversifying strategies target.
Evidence
“Hedge Fund - Macro 5.62 4.83” “Allocators are increasingly drawn to its diversification and correlation characteristics across all market regimes.” “A robust research-driven process underlies the key predictors, portfolio construction and execution of systematic global macro — and the strategy is also harnessing AI and machine learning inputs.”