Asset Study/Review
The plan approved an asset allocation in March that introduced new targets to international small-cap equity and infrastructure.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The redemption followed a new asset allocation approved last month that lowered the plan’s real estate target.
The university will consider a new target asset allocation that increases its target to developed markets equity at the expense of emerging markets equity.
The state trust has revised the asset allocation for its reserve pool, increasing its target toward fixed-income at the expense of equities.
The pension plan will consider hiring five non-U.S. equity managers and approving a new private equity portfolio structure this week.
The university approved an impact investment policy statement in the first quarter that aims to invest 0% to 25% of its assets in impact investments.
The plan will halve its hedge fund target as it bolsters its U.S. fixed-income portfolio.
The program has adopted a proposal from its state treasurer to transition the emerging markets investment option in its select plan to a fund that excludes investments in China-based companies due to ongoing geopolitical tensions and significant investment risks.
The university’s board of trustees expanded the assault weapon divestment policy to cover assault weapons manufacturers that engage in retail activities to the general public.