Fund would likely retain some hedge fund exposure through other asset classes.

Levels remain similar to where they were eight or nine years ago, Mercer says.

Asset price volatility is a concern for most investors. One answer is to use a volatility-controlled strategy; one that seeks to reduce the risk, while retaining much of the growth within the portion of a portfolio.

Largest commitment of its kind by a private foundation; MRIs to be phased in over 10 years.

NEPC, Pavilion Advisory Group, and Segal Marco Advisors top list of large consulting firms.