The university has voted down two proposals asking to divest its endowment from entities related to the war, humanitarian crises and human rights violations in Israel and will not consider further petitions.
The university decided against a proposal to halt financial ties to entities associates with Israel as it did not meet three main criteria, including consensus within the university community on how to respond to the issue.
Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
The school decided against divesting its endowment from companies and industries implicated in military and police violence in Gaza and the West Bank as the portfolio had a de minimis exposure to identified stocks.