Asset Study/Review
The institution expects its exposure to climate transition solutions to exceed exposure to fossil fuels in the coming years as investment activity in climate transition ramps up and fossil fuel exposure winds down.
The college announced it will eliminate all direct holdings of fossil fuel companies and will not make new investments in private funds that focus exclusively on oil and gas extraction.
The plan added a balanced fund manager within its advisor and direct plans to its watchlist due to underperformance.
The education system will consider revisions to the target asset allocation for its portfolio as part of changes to its investment policy statement at a special meeting today.
The healthcare system is currently conducting asset allocation studies for its operating fund and pension plan after receiving an education from its investment consultant on new asset classes including, private equity, private debt and real estate at a November workshop.
The plan will consider active core and core-plus fixed-income manager hires in May as a result of a new asset allocation that also eliminated its 2.5% risk parity target yesterday.
The university adjusted its investment policy to allow for increases to its equity portfolio following a recommendation from its investment advisor to diversify and enhance portfolio returns.
The board will consider hiring a new public markets consultant later this month.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan’s incumbent was first hired in 1997.