Asset Study/Review
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The plan’s consultant will also kick off an asset/liability modeling study this month.
The university moved its endowment toward private equity, U.S. equity, global equity and hedge funds, as part of a new investment policy statement approved at its November meeting.
The decision comes despite pressures from students, staff and the larger university community regarding the investment and management of the portfolio.
The plan’s options could range from minor tweaks to the addition of private equity and emerging markets equity allocations.
The plan also approved conducting a search for a non-discretionary private markets consultant.
The plan opted to retain its incumbent for an initial five-year term.