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Kentucky Univ Endowment Seeks FoF Manager
The University of Kentucky is looking for a new absolute-return fund-of-funds manager.
TheUniversity of Kentuckyis looking for a new absolute-return fund-of-funds manager,Pensions & Investmentsreports. 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.
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