University of Pittsburgh

Generated outreach message alignment report
1. You predominantly hire external managers and expect them to integrate ESG and handle proxy voting.
We’re an owner-managed boutique with a formal ESG policy and active stewardship process; we can assume proxy voting and provide the ESG integration and reporting you expect from external managers.
Evidence
“External investment managers currently overseeing approximately 93% of the CEF by value have formal ESG policies in place or take ESG considerations into account when making investments as of June 30, 2023.” “Therefore, responsibility for voting such proxies shall be delegated to the respective external investment managers utilized by the CEF.”
2. You maintain dedicated International and Emerging Markets equity sleeves (with MSCI EAFE and MSCI EM benchmarks).
Our concentrated best‑ideas strategy runs globally with deep emerging markets capability, designed to complement your EAFE/EM sleeves and benchmark framework.
Evidence
“International Equity 8.0% 8.0% MSCI EAFE Index” “Emerging Markets Equity 8.0% 8.0% MSCI EM Index” “Figure 2: Long-term Target Asset Allocation... International Equity Emerging Markets Equity”
3. You have a 10% Marketable Alternatives allocation evaluated versus HFRI FoF and include low‑beta/market‑neutral, long/short, and event-driven strategies.
We deliver a low-correlation, absolute‑return profile through high‑conviction long/short investing that maps cleanly to your marketable alternatives sleeve.
Evidence
“Marketable Alternatives 10.0% 10.0% HFRI Fund of Funds Composite” “Marketable alternatives (or absolute return strategies) are... event-driven strategies... value-driven strategies... market neutral credit or equity...”
4. You prefer SMAs when feasible and, if using commingled funds, require frequent liquidity, institutional custody/prime brokerage, and audited financials.
We can offer either an SMA or an institutional commingled vehicle with quarterly liquidity, top-tier custody/prime brokerage, and annual audited financials.
Evidence
“Separately Managed Accounts - Whenever feasible, an investment preferably will be made using a separate University account...” “When a separately managed account structure is not viable... an investment may be made... using a commingled fund... for which the University shall receive annual financial statements, audited by a recognized independent accountant.” “Any commingled fund... shall provide frequent redemption rights and use one or more recognized custodians and/or prime brokers...”
5. You use selective co‑investments alongside existing managers, often with reduced or no fees.
We regularly structure co‑investments in our highest‑conviction ideas, providing a fee‑efficient way to scale exposures that are working in your portfolio.
Evidence
“Co-investments are used selectively to increase exposure to specific companies and typically provide an opportunity to do so on a no-fee or reduced-fee basis.”
6. You evaluate managers on long‑term, net‑of‑fees performance, with emphasis on track record, consistent process, and stability of ownership/key personnel.
We’re an entrepreneurial, owner‑managed firm with a long, audited track record and a consistent, high‑conviction process designed to compound over multi‑year horizons.
Evidence
“Quantitative Factors • Performance record; • Demonstrated skill versus the benchmark; • Consistency in investment approach; and • Fees.” “Since the CEF's investment objectives have a long-term horizon, the Committee... will generally focus on rolling returns over longer periods of time.” “Stability of firm's ownership and key personnel;”
7. You are reducing fossil‑fuel exposure over time and have avoided new commitments to fossil‑fuel‑focused funds, while fully integrating ESG.
Our portfolio is inherently low in fossil‑fuel exposure and integrates financially material ESG risks; we can provide carbon metrics and engagement reporting aligned to your policy.
Evidence
“the Office of Finance has not made any direct investments in fossil fuel companies or new commitments to fossil fuel-focused funds in more than three years.” “Private investment exposure to fossil fuels... is currently projected to become de minimis around 2034-36, given current trend lines.” “The OOF commits to fully integrating ESG factors into the University’s decision-making processes...”
8. You work with a large roster of external managers and explicitly assess AUM and capacity when selecting managers.
As a focused, capacity‑aware boutique, we can offer a right‑sized allocation and clear capacity discipline that fits within your manager roster construction.
Evidence
“The external investment managers who manage money on behalf of the CEF (of which there are well over 100)...” “Assets under management and plans for managing future capacity;”