Asset Study/Review
The fund will receive an education on a potential new strategy from its general investment consultant in July as it also looks to approve a new investment policy statement and strategic asset allocation.
The university increased its targets to public equity and private real assets to reduce portfolio complexity and take advantage of higher interest rates.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.
The foundation recently revised the target asset allocation for its investment portfolio, shifting it toward domestic and developed market equities at the expense of emerging market stocks, and retained its outsourced cio provider.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.
The changes include increases to the plan’s core real estate and infrastructure targets and subsequent searches.
Pension plan expects to review approving a search for international small-cap equity managers next month.
The retirement association is looking to add a passive component to its international equity portfolio.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
The fund approved a new long-term strategic asset allocation for its endowments, increasing its private equity target 5% to raise expected returns and leverage the unique cash flow attributes of the portfolios.
