Asset Study/Review
Proposed structure would shift the allocation closer to its MSCI All Country World Index ex USA benchmark and increase active management to 70% from approximately 40%.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The university’s special committee on investment responsibility has decided to take no action on a student-led proposal to divest its endowment from companies supporting the Israel Defense Forces.
The university voted against a student-led proposal to divest its endowment from companies involved in the Israeli occupation of Palestinian territory.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
The retirement fund also adopted a new long-term strategic asset allocation.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The plan last conducted an asset/liability study 18 years ago.
The fund is looking for opportunities to directly invest in companies based in the state as part of its plan to emphasize the state, identifying and developing new relationships with firms in the state, including emerging managers, as well as seeding strategies created in the state.