The university system is considering adding a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The institution added a floating rate fixed-income fund within its short-term pool and reduced its investment with a hedge fund manager to fund increased domestic equity and international equity investments within its endowment.
The institution approved a new passive equity index investment with a diverse manager this summer as part of its commitment to promote diversity, equity and inclusion internally and through its selection of investment managers.