The University of Texas Investment Management Co. (UTIMCO) trustees reviewed at length their investment portfolio in light of the COVID-19 related market impacts, but at the same time revealed plans to allocate more capital to stable value hedge funds.
The March 24 board meeting was done over the phone due to COVID-19 outbreak concerns and staffers for the $50.5 billion investment fund are also working from home.
In the coming months, the hedge fund investment team is planning to deploy $700 million plus to reach stable value asset allocation target of 10 . . .
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