Asset Study/Review
The asset allocation changes resulted in several manager hires and terminations at the retirement system’s November meeting.
The institution revised its strategic asset allocation last year, increasing its allocation toward growth assets like public equity and private equity.
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
The college agreed to prioritize selling all directly owned oil and natural gas wells and two legacy investment partnerships in fossil fuels.
The plan approved a new asset allocation for its Core Trust Fund last week.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.
The organization requested data from leading nonprofit hospital corporations in the U.S. on how they utilize Black and other minority or women asset managers to handle their assets, which total nearly $300 billion.
The new asset allocation introduces a 6% target to hedge funds.
The university has revised the investment policy statement for its investment portfolio, shifting its asset allocation toward domestic large-cap equities.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.