Asset Study/Review
A congressional committee is looking into the Ivy League school’s potential holdings with entities deemed to be foreign adversaries.
The system will review its relationship with its outsourced cio during its March 31 investment committee meeting and consider either extending the firm’s contract for an additional one-year period or directing staff to initiate an RFP process.
The foundation is looking to add new diverse managers to its portfolio after adopting a new investment policy statement incorporating a racial equity lens.
The plan increased its target to international equity at the expense of long/short equity.
Plan continues working toward executing a transition of assets away from the state fund.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.
The plan added a 3% target to global infrastructure as part of a new asset allocation that was adopted yesterday.
The plan agreed to reconsider asset allocation changes originally approved last month at a future meeting.