Asset Study/Review
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The foundation is conducting an asset allocation review of its endowment alongside its new investment advisor, which was hired late last year following a search for standard due diligence purposes.
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.
The retirement system terminated its sole public diversified real assets manager last month.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The pension board will also target $1 billion to non-traditional equity strategies.
The system approved revising the asset allocations for its endowment and liquidity pools after reviewing the allocation strategies for both pools in recent months.
The college successfully completed its endowment grant challenge, securing $500 million to match a $500 million gift from a prominent philanthropist, to grow the portfolio to $1 billion.
The plan made several changes as part of a total equity structure review at today’s board meeting.