Asset Study/Review
The university has rejected student requests to join the boycott, divest and sanctions movement and divest its endowment from companies that do business in or are located in Israel.
The plan also received asset/liability stress test results from project-basis consultant Agilis at today’s board meeting.
The college’s board of trustees decided against a student proposal to divest its endowment from military and surveillance companies.
Several nonprofit institutions changed their asset allocations or investment policies this year, boosting allocations to private equity and public equities.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The plan’s consultant will also kick off an asset/liability modeling study this month.
The university moved its endowment toward private equity, U.S. equity, global equity and hedge funds, as part of a new investment policy statement approved at its November meeting.