University of Alabama Allocates $20M to Infrastructure

The University of Alabama System Endowment approved an allocation of $20M to Grain Communications Opportunity Fund IV, which seeks to back infrastructure investments in the telecommunications sector, at its September 5 board of trustees meeting.

Additionally, the board reviewed investment manager updates and approved a switch from its current Graham Tactical Trend “Capped Beta” strategy to a traditional Graham Tactical Trend strategy based on lower assets in the capped beta strategy and the traditional strategy offering more consistent returns. The board also voted to terminate its investment in Taconic Opportunity Offshore Fund LTD.

Per Dakota data, the UA System PEF oversees $6.4B in assets.

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