Asset Study/Review
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
The fund is seeking entities to provide quantitative analysis and methods that address the transmission of externalities into universal owner and whole portfolio effects.
The plans adopted the new asset allocation following an asset study by their general investment consultant.
The plan also terminated an international large-cap growth equity manager.
The health system is seeking consulting firms to perform a comprehensive evaluation of its investment practices, including analysis of current policies, procedures and performance outcomes, as well as performance.
West Coast plan surveyed its portfolio managers and found managers are broadly aligned on foundational policies on DEI.
The plan’s executive director also resigned last month.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The plan established a dedicated real assets target of up to 3%.
