Asset Study/Review
The plan established a dedicated real assets target of up to 3%.
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
The prepaid college savings plan recently revised its asset allocation, reducing its target to Treasuries in favor of cash reserve funds.
The retirement system increased its private core real estate target in the second quarter.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The plan made hires after issuing an RFP in March.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The university is seeking firms with specialized financial and legal expertise in trust law and endowment management to conduct a comprehensive, risk-aware review of its underutilized endowments.
