University of Virginia - Message Points

1. You actively seek skilled, high-conviction stock pickers who add value versus passive alternatives.

Our concentrated, best-ideas, owner-managed strategy is built for high active share and alpha generation, aligning with your preference for differentiated active managers.

Evidence

“the heightened level of market volatility provided opportunities for differentiated stock selection and skilled active management by our investment managers.” “UVIMCO has a long history of partnering with exceptional investment managers, who add value to passive alternatives over time.” “Over the past decade, UVIMCO’s active management has generated $840 million in additional value beyond the passive policy benchmark.”

2. You maintain meaningful allocations to public equity and long/short equity managers.

Our hedge fund provides concentrated public equity exposure with the ability to hedge, matching your established buckets for active public equity and hedge funds.

Evidence

“Our managers invest in Public Equity, Long/Short Equity, Private Equity, Real Assets, Absolute Return, Credit, and Fixed Income.” “27.7Public Equity 9.1Long/Short Equity 28.5Private Equity 15.6Real Assets 8.6Absolute Return 4.6Credit 4.5Fixed Income 1.4Cash Allocation(1)”

3. You benchmark and frame results against global indices (MSCI ACWI), signaling a global orientation that includes emerging markets.

We run a global mandate with emerging markets capability and a low-correlation return profile designed to outperform global benchmarks.

Evidence

“Geometrically linked monthly average of 75% MSCI All Country World Equity and 25% Bloomberg U.S. Treasury Bond.” “For example, the LTP’s composite Private Equity return of 14.9% per year over the past two decades exceeds the MSCI ACWI by over 6%.”

4. You evaluate managers over long multi-year horizons and emphasize durable track records.

We have a long operating history and emphasize multi-year compounding, aligning with your long-term performance lens.

Evidence

“Our commitment to disciplined, long-term investing across the LTP’s strategies continues to produce results that meet and exceed UVA’s objectives:” “11.8% over five years, 9.2% over ten years, and 9.6% over twenty years (Table 1).” “Over the past twenty years, UVIMCO’s annualized return of 9.6% has well exceeded the 7.1% garnered by median peers (Graph 3), according to Wilshire Trust Universe Comparison Service (TUCS) data.”

5. You intentionally allocate to diversifying/low-correlation strategies and avoid highly leveraged hedge funds.

Our strategy targets low correlation with prudent use (or avoidance) of leverage, fitting your diversifying sleeve and risk standards.

Evidence

“Diversifying strategies 6% 5.8% 0.35%” “UVIMCO mitigates manager risk through extensive due diligence, diversification, by declining certain partnership structures, and by avoiding certain investment strategies (e.g., highly leveraged hedge funds).”

6. You prefer allocating via institutional fund structures (LPs/commingled/NAV vehicles) and assess terms carefully.

We offer an institutional LP with standard terms and transparent NAV reporting, matching your structural preferences.

Evidence

“UVIMCO invests primarily in investment funds that allow the LTP to gain exposure to a broad array of financial instruments and markets.” “UVIMCO has investments in investment funds, limited partnerships, and similar private investment vehicles.” “These investments do not actively trade through established exchange mechanisms and are valued at NAV, based on UVIMCO’s interest in the investee as determined and reported by the external manager of the investment.”

7. You are liquidity-aware and rely on public equity funds and hedge funds to help balance liquidity around private commitments.

We offer periodic liquidity and a public-market strategy that can serve as a liquid complement to your private allocations.

Evidence

“UVIMCO’s investment fund managers often limit the liquidity of their funds, resulting in liquidity risk for the LTP.” “UVIMCO manages liquidity risk by maintaining a portfolio of Treasury bills and bonds, maintaining sufficient liquidity with public equity funds and hedge funds, and managing the pace of commitments to private investments.”