Asset Study/Review
The pension plan approved a new asset allocation policy that increased its targets to core bonds and international large-cap equity in the second quarter.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
The fund narrowed a search for emerging markets large-cap ex-China equity managers to two finalists at the end of the second quarter.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
The foundation increased its large cap growth equity fund’s allocation to an incumbent manager that utilizes a research-based investment process in quality growth companies.
The university approved new investment policies with revised asset allocations for its endowment, retirement plan and working capital pools that includes removing the absolute return asset class.
The retirement system has approved a new asset allocation policy that increases its targets to U.S. equity, diversifying strategies and infrastructure.
President Donald Trump signed into law a bill amending the current 1.4% excise tax on the net investment income of higher education institutions with a tiered system based on institutions’ student-adjusted endowment.
The 529 plan based recently approved a new asset allocation mix that includes increased targets to cash, domestic equities and real estate.