University of Houston System invested $7.5 million in Sheffield International Partners, a long/short equity hedge fund managed by Sheffield Asset Management, confirmed Raymond Bartlett, treasurer of the system.
Investment consultant Cambridge Associates assisted.
Separately, the $565 million endowment rehired BNY Mellon Asset Servicing as global custodian. An RFP was issued in October 2012.
BNY Mellon will also continue to serve as global custodian for the system's operating funds.
