Asset Study/Review
The plan’s incumbent was first hired in 1997.
The plan adopted a new asset allocation policy after receiving an asset/liability study in October.
The plan approved commitments of up to $40 million each to two strategies.
The plan introduced new investment grade credit and private credit allocations as part of changes resulting from an asset/liability study.
The plan will look to add private credit, re-establish its private equity portfolio, add complementary real estate strategies and evaluate its domestic equity portfolio this year.
The new targets include the elimination of an emerging market debt allocation.
The university also pivoted one of its retirement plans toward fixed-income during the fourth quarter.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The changes followed two separate asset/liability studies from general investment consultant Verus.
The plan hired a short-term bond manager and retained its general investment consultant.