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As UMass backs out of a commitment to consider divestment, an investigation reveals its endowment has millions indirectly invested in defense contractors and other entities targeted by student activists.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The plan launched two manager searches after approving a new asset allocation last month.
The program includes commitments to the firm’s fifth direct private equity fund, Partners Group Direct Equity V.
She will join the firm next month from Schroder Investment Management North America.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The new global cio of fixed-income will succeed Franck Dixmier, who is leaving the firm.
The plan will interview three finalists for a maiden global equity mandate in August.
The pension plan received a recommendation to hire a real estate manager last month.
The transaction includes 21 mutual and variable insurance funds with aggregate assets under management of $2.6 billion.