Asset Study/Review
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.
The university also added a hedge fund manager and redeemed from an international equity manager within its endowment in the third quarter.
The college approved a new investment policy statement that included a directive to divest direct exposures to weapons manufacturers.