A Western university approved a new target asset allocation for its pension plan, including a maiden allocation to private debt, as part of changes to its investment policy statement.
The U.S. government has finalized rules for the excise tax on certain private college and university endowments, adjusting some original proposed regulations.
A university in New England approved the sale of an investment within its endowment last month to move toward its goal of fully divesting from public investments in fossil fuels.