Asset Study/Review
The college agreed to prioritize selling all directly owned oil and natural gas wells and two legacy investment partnerships in fossil fuels.
The plan approved a new asset allocation for its Core Trust Fund last week.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The organization requested data from leading nonprofit hospital corporations in the U.S. on how they utilize Black and other minority or women asset managers to handle their assets, which total nearly $300 billion.
The new asset allocation introduces a 6% target to hedge funds.
The university has revised the investment policy statement for its investment portfolio, shifting its asset allocation toward domestic large-cap equities.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The foundation has established a target allocation for impact investments after deliberating on the subject since last year, when it invested in an impact fund.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.
