Kentucky Univ Endowment Seeks FoF Manager

The University of Kentucky is looking for a new absolute-return fund-of-funds manager.

The University of Kentucky is looking for a new absolute-return fund-of-funds manager, Pensions & Investments reports. The selected candidate will oversee around $47 million for the $945 million endowment of the university. The selection process of the manager will be completed by Nov. 30, 2011. The endowment looks to commit 20% each to absolute return, broad U.S. equities and broad non-U.S. equities, 15% to fixed income, 10% to real return, 8% to real estate and 7% to private equity.

Click here for the story from Pensions & Investments.

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