Asset Study/Review
The university approved a recommendation to revise its asset allocation, increasing its target to international equity, at its March meeting.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The university will consider a recommendation to select an investment advisor for its endowed and non-endowed portfolios alongside potential asset allocation changes within the endowment at its March meeting.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The corporation revised its investment policy statement, including a new strategic asset allocation that increased targets to domestic large-cap equity, non-U.S. developed equity, absolute return, private debt, infrastructure and cash.
The fund and its general investment consultant will consider segmenting the fixed-income allocation into core investment grade and return-seeking credit.
The board increased its targets to domestic fixed-income and real estate as part of a new asset allocation policy last month.
The foundation is conducting an asset allocation review of its endowment alongside its new investment advisor, which was hired late last year following a search for standard due diligence purposes.
The city expects to issue an RFP and evaluate proposals by the plans’ May 7 board meeting.