Asset Study/Review
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.
The retirement fund will interview two firms to handle the new allocation.
The retirement plan approved a new long-term asset allocation policy and 2026 private markets pacing plan in the fourth quarter.
The university decided against divesting its portfolios from fossil fuels as the action would conflict with its legal fiduciary duty.
The institution approved a new investment policy statement that bars corporate bonds, mutual funds and other types of fixed-income investments from the portfolio in December.
The system will review the asset allocation for its trust portfolio in the first quarter of 2026 before evaluating if additional private equity commitments are needed to reach its policy weight.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.