Asset Study/Review
The fund has received an $100 million unrestricted grant to support its capital campaign and will deploy it by building a pooled endowment fund that will increase member institutions endowments by $10 million each.
The structure review calls for the plan to make $1.5 billion in real assets commitments this year.
The university revised the asset allocation for its endowment last year, increasing its allocation to private market investments at the expense of marketable alternatives.
The college savings plan approved asset allocation changes to its actively managed and passively managed enrollment year investment portfolios at its board meeting last month in response to significant structural shifts seen in the market over a short period.
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.
