Asset Study/Review
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The retirement system also approved new target allocations for its public equity managers at today’s investment committee meeting.
The university reduced its stake in the credit platform of an alternatives investment manager as investors are becoming concerned with redemption requests and gating withdrawals.
The plan will also search for private debt and infrastructure managers later this year.
The plan also added a pair of commitments to a new private equity manager relationship.
The plan terminated two managers as part of a non-U.S. equity structure study.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The retirement system is also slated to vote on its general investment consultant search next month.
The college will close at the end of the 2026 fall semester and its endowment will be used in compliance with its regulatory duties and to maintain operations during wind-down.
The retirement plan approved a private infrastructure manager search to handle a potential 4% target allocation in December.
