Asset Study/Review
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The foundation has established a target allocation for impact investments after deliberating on the subject since last year, when it invested in an impact fund.
The plan expects to launch the search in January as its incumbent’s contract is slated to expire on June 30.
The foundation is proposing shifting its $642 million consolidated endowment fund toward private equity, domestic public equity and short-duration fixed-income.
The institution expects to receive formal recommendations on asset allocation changes to its liquidity pool from its general investment consultant at a future board meeting.
The pension plan will consider tweaking its asset allocation for fiscal year 2024 at its board meeting tomorrow and disclosed commitments totaling $450 million at today’s investment advisory committee meeting.
The college’s board of trustees will consider divestment proposals for its endowment at meetings this week.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The university revised its long-term targets for drivers of return of its endowment, increasing its target to equities at the expense of absolute return, credit and real estate.