Asset Study/Review
The firm is being monitored due to performance and recent personnel turnover.
The plan increased its floating rate debt and real estate targets to 20% each in the third quarter.
The university has moved to an outsourced cio model from its traditional non-discretionary investment consultant model to improve nimbleness and reduce risk.
The plan removed an exchange traded fund and international equity fund from its advisor plan late last month after being notified of upcoming changes to the investment manager’s strategies.
A university based in New England approved new allocation targets for two of its portfolios.
The new policy will help the plan achieve its 6.5% assumed rate of return over the next 10 years.
The plans increased their private equity targets after receiving an asset allocation study in October.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
New allocation is contingent on full board approval after receiving approval from the investment committee this week.
The plan considered a new asset allocation last month that would increase its fixed-rate debt target and previously committed to an existing real estate debt manager.