Asset Study/Review
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The newly approved investment policy paves the way for the nonprofit to issue an RFP for investment managers and custodians.
The retirement system added a maiden 5% private credit target as part of a newly approved asset allocation in September.
The fund approved issuing RFPs for infrastructure strategies and private equity strategies in December at its November board meeting.
The investment board has also made up to $1.4 billion in new commitments.
A healthcare system based in the Midwest is planning to review its investment policy and strategic asset allocation next year.
The nearly $600 billion plan will eliminate its asset class targets in pursuit of greater flexibility in its investment portfolio.
The university and its investment consultant will review the asset allocation strategy for multiple investment pools in the coming months.
The university is considering replacing an existing ban on securities tied to oil and gas companies within two of its investment portfolios with more flexible environmental and societal impact investment guidelines.