Asset Study/Review
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.
The termination stems from lower than expected real returns and changes to the firm’s team.
The plan initially hired the core real estate manager in November as part of a search that was launched in 2022.
The foundation’s revised asset allocation creates a maiden global bond allocation while increasing its targets to domestic fixed-income, real assets and domestic large-cap equity.
The board of investments adopted new asset allocation policies for both the pension plan and OPEB trust at its meeting today.
The retirement system hired three global equity managers to replace its dedicated international and emerging markets equity allocations in the first quarter.
The pension plan received a recommendation from staff to amend its private equity sub-asset class targets last week.
The college will close next month after operating for 168 years after it was unable to obtain bridge funding from a state loan program.