Asset Study/Review
The university and its investment consultant will review the asset allocation strategy for multiple investment pools in the coming months.
The university is considering replacing an existing ban on securities tied to oil and gas companies within two of its investment portfolios with more flexible environmental and societal impact investment guidelines.
The foundation revised the joint investment policy statement for its more than $1 billion portfolio in August, lowering the target allocation ranges for domestic small-cap equity and other diversifying alternatives strategies.
The firm placed its investment in a domestic-large cap fund on watch in the third quarter due to performance concerns, while also removing two funds from watch status.
The community foundation merged its long-term, mid-term and socially responsible investment pools this summer to reduce fees, improve performance and strengthen social impact.
The retirement association’s new general investment consultant began its contract last month.
The retirement plan hired two managers to fill its maiden 7% target to other real assets in the second quarter.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The retirement system agreed to hire a new discretionary private equity consultant while maintaining the incumbent consultant for discretionary private real return services.