Asset Study/Review
The school decided against divesting its endowment from companies and industries implicated in military and police violence in Gaza and the West Bank as the portfolio had a de minimis exposure to identified stocks.
The pension plan will also consider candidates in its executive director search next month.
The retirement system also kicked off its asset/liability study this week.
The plan’s board voted to commit additional funds to an existing manager and also hire a new manager for the increased allocation.
The foundation is reviewing the target asset allocation of its largest investment pool as well as reviewing the fixed-income manager roster within another pool of assets.
Two Christian-affiliated higher education institutions have reversed their planned merger initially agreed to in the first quarter of 2024.
The retirement system made private equity commitments totaling $35 million in January.
The plan will conduct a global multi-sector fixed-income search after establishing a new allocation to the asset class at a meeting yesterday.
The pension plan also expects to launch its executive director search next week.
The university is weighing a revised investment policy statement that includes increasing its targets to domestic and international equities.