Asset Study/Review
The plan’s options could range from minor tweaks to the addition of private equity and emerging markets equity allocations.
The plan also approved conducting a search for a non-discretionary private markets consultant.
The plan opted to retain its incumbent for an initial five-year term.
The foundation revised its investment policy with a new target asset allocation range in fiscal year 2024, creating new dedicated target asset allocation ranges for domestic and international equity as well as real estate, while breaking out private assets from its alternative strategies allocation.
The plan will allocate 10% of its portfolio to risk mitigating strategies as part of a new asset allocation.
The asset classes were recommended by the OPEB trust’s new general investment consultant.
The foundation revised its target asset allocation in favor of equities at its September investment committee meeting.
The university revised the asset allocation of the policy portfolio for its endowment in fiscal year 2024, increased its weight to public equity at the expense of private partnerships.
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.
The plan is scheduled to approve changes to its asset allocation this week that would see the addition of new asset classes.