Manager Additions to Alternative Investment Pooled Funds
The UPAL Alternative Investment Pooled Funds under performance in recent periods has largely been driven by lagging results from several actively managed strategies used within the Fund. In order to diversify manager risk and reduce relatively high allocations to individual strategies, Bank of Oklahoma recommended adding the following Managers to the UPAL Alternative Investment Fund:
- First Eagle Global Fund Institutional Fund
- Hancock Horizon Quant Long Short Institutional Fund
With these changes, the UPAL Alternative Investment Fund Benchmark changes to 16.0% HFRI Fund of Funds Composite Index 8.25% MSCI World Index, 33.25% HFRI Equity Hedge Index, 5.0% Barclays US TIPS Index, 5.0% Barclays US TIPS 0-5 Year Index, 10.0% DJ UBS Commodity Index, 2.5% Gold London PM Fixing, 9.0% S&P Global Infrastructure Index, 10.0% HFRI FOF Conservative Index, 1.0% Citigroup 3-month T-bill.
