The program has adopted a proposal from its state treasurer to transition the emerging markets investment option in its select plan to a fund that excludes investments in China-based companies due to ongoing geopolitical tensions and significant investment risks.
The university’s board of trustees expanded the assault weapon divestment policy to cover assault weapons manufacturers that engage in retail activities to the general public.
The funds have completed the evaluation process and selected a finalist in its search for firms provide financial advisory, investment consulting and risk transfer advisory services.
The system selected two managers to wrap up its search for firms to provide lead record keeper, investment, administrative and participant services for its more than $5 billion in retirement assets.
The foundation has hired a new ceo to handle its day-to-day oversight and leadership and help guide its strategic direction after its ceo retired last year.
The institute will conduct a search for a cio as its investment head is expected to step down from the role later this year to focus on their various board, teaching and philanthropic endeavors.