Wake Forest University

Generated outreach message alignment report
1. You maintain a meaningful allocation to absolute return/hedge fund strategies and explicitly seek low-correlation return streams.
Our concentrated, high-conviction long/short strategy targets low correlation to equities and can slot into your absolute return sleeve.
Evidence
“In aggregate, the expectation is that the returns of this segment should not be highly correlated to the broad equity market.” “Includes investments in hedge funds and hedge fund-of-funds that invest both long and short on a global basis...”
2. You allocate globally, including explicit openness to emerging markets within your public equity exposure.
We run a global mandate with emerging markets capability, providing flexible non-U.S. exposure that can complement your international sleeve.
Evidence
“as well as funds that invest in U.S. and non-U.S. common stocks (including emerging markets), mutual funds, and exchange traded funds.” “International 85,807 — — — 85,807”
3. You are comfortable allocating through commingled fund structures and LPs valued using NAV.
We offer a commingled fund with transparent NAV-based reporting—well aligned with your existing fund and LP due-diligence framework.
Evidence
“Unless it is probable that all or a portion of the investment will be sold for an amount other than NAV, the University has concluded, as a practical expedient, that the NAV approximates fair value.” “Private investments are generally made through limited partnership agreements where the University is normally one of many limited partners.”
4. You actively manage against defined redemption terms and accept longer notice/less frequent liquidity where appropriate.
Our fund’s standard quarterly liquidity with notice aligns with your documented practices for absolute return and international allocations.
Evidence
“As of June 30, 2025, redemption frequency and the corresponding notice period for all investments are as follows:” “Absolute return Daily to >365 1 to 90 days”
5. You employ hedged, unconstrained mandates across asset classes—not just long-only.
Our high-conviction, flexible global long/short approach fits your use of hedged strategies alongside traditional exposures.
Evidence
“Includes long-only, hedge strategies, and illiquid investments in various fixed income strategies (both U.S. and non-U.S.)...” “While most of the assets are invested long-only, some assets are invested on a hedged basis (both long and short).”
6. You diversify across multiple strategies and investment advisors and evaluate managers by their fit within the total portfolio.
A concentrated best-ideas portfolio with a low-correlation profile can serve as a targeted diversifier within your broader mix.
Evidence
“Under the direction of VCM the University diversifies its investments among various asset classes incorporating multiple strategies and investment advisors to help manage risk.” “Management and investment decisions are not made in isolation, but in the context of the portfolio of investments as a whole and as part of the overall investment strategy.”