Asset Study/Review
The plan considered a new asset allocation last month that would increase its fixed-rate debt target and previously committed to an existing real estate debt manager.
The plan will conduct fixed-income searches after approving a new target asset allocation that substantially increases its portfolio at a board meeting this week.
The university recently adopted a formal ESG-related investment policy where the institution takes social and environmental considerations into account in the administration of its investments.
The plan increased its core bond target as part of asset allocation changes approved at last week’s meetings.
Plan will review a maiden allocation later this month after hearing an education on the asset class last week.
The plan will replace its non-core infrastructure target with a core allocation.
The new asset allocation introduces private credit and infrastructure asset classes.
The plan approved a core-plus fixed-income manager search and terminated its hedge fund-of-funds mandate as the result of a new asset allocation policy.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.
The institution expects its exposure to climate transition solutions to exceed exposure to fossil fuels in the coming years as investment activity in climate transition ramps up and fossil fuel exposure winds down.