Asset Study/Review
Potential changes to the asset allocation could include eliminating the plan’s TIPS target in favor of other asset classes.
The university has finalized the members for its reestablished investment responsibility advisory committee, which advises on the management of its endowment through a social and ethical lens.
The retirement system also increased its fixed-income target at the expense of real estate.
The university created the advisory committee to consider ethical issues and Catholic values surrounding investments within its endowment.
The university revised its asset allocation and added international equity and private equity managers in the fourth quarter as recommended by its general investment consultant.
The plan’s existing high-yield fixed-income managers had been on watch for performance reasons.
The plan will issue an RFP later this year due to statutory requirements.
The plan also eliminated its global equity and emerging market debt targets.
The university committee, which advises on responsible investment decisions, decided not to refer a divestment proposal to rid the endowment from companies with ties to the State of Israel to a board of trustees subcommittee for consideration.
The pension plan hired a domestic core fixed-income manager after increasing its target allocation to the asset class in the second quarter.