Asset Study/Review
The plan removed an exchange traded fund and international equity fund from its advisor plan late last month after being notified of upcoming changes to the investment manager’s strategies.
A university based in New England approved new allocation targets for two of its portfolios.
The new policy will help the plan achieve its 6.5% assumed rate of return over the next 10 years.
The plans increased their private equity targets after receiving an asset allocation study in October.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
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.