Commonfund Asset Management dropped all growth and value funds from...

Commonfund Asset Management dropped all growth and value funds from its $2 billion Multi-Strategy Equity Fund, an all-cap global equity fund of funds, said Beth Schaefer, senior vice president. Those funds comprised about 24% of the fund-of-funds’ assets, she said. Those assets will go into core and opportunistic funds. The asset mix will be 45% opportunistic strategies, 30% core and 25% diversifying strategies.