Asset Study/Review
The plan also eliminated its 20% covered calls and 2.5% REITs targets.
The school will consider divesting its approximately $465 million endowment from companies and industries identified by its Advisory Committee on Investor Responsibility that are implicated in military and police violence in Gaza and the West Bank in the coming weeks.
The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The institution approved divesting its endowment from companies profiting from the war in Palestine earlier this month and will look to explore investments that proactively support humanitarian and entrepreneurial companies doing positive work in the region.
The search is a result of a new asset allocation.
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.
