Asset Study/Review
The trust fund revised the target asset allocation for its reserve pool at an April meeting, increasing its targets to fixed-income and international equity, following a study on its investment policy and practices.
The university approved a private equity commitment to a new manager within its endowment fund alongside changes to its investment policy.
The plan hired two firms to fill a new allocation to the asset class.
The university is looking to add sustainability investments to its endowment as it is on track to downsize its fossil fuel exposure over the next two decades.
The fund approved divesting its portfolio of direct holdings in companies that boycott energy companies and Israel after a state agency released a list of companies that must be divested from last year.
The university will divest its endowment from investment funds that have direct fossil fuel exposure by 2030 after a student activist group occupied an administrative building for 18 days.
The foundation is searching for more diverse-owned managers and impact investment strategies as part of a new strategic plan to eliminate longstanding inequities that have held back many communities.
The plan increased its fixed-rate debt target by reducing its public equity target last month.
The plan will revisit a proposed asset allocation that would incorporate a maiden private credit target at next month’s board meeting.
Plan will consider options for redirecting its dedicated emerging markets equity allocation at a future meeting.
