Asset Study/Review
The fund approved transferring the assets of its three portfolios effective Jan. 1 alongside its first investment policy for the combined pool of assets at its November board meeting.
The health system was slated to review a new investment policy statement with a revised target asset allocation at its Nov. 30 meeting, however, the meeting was postponed due to a lack of quorum.
The plan will consider eliminating its global REITs allocation for liquidity purposes and disclosed a commitment to an existing infrastructure manager today.
The foundation is planning to utilize a new donation for its health-focused impact investment portfolio.
The institution added a floating rate fixed-income fund within its short-term pool and reduced its investment with a hedge fund manager to fund increased domestic equity and international equity investments within its endowment.
The trust company is looking to commit $150 million to $625 million annually to alternative assets, including alternative fixed-income, hedged equity and private debt, within its endowment.
The university approved adding a new portable alpha portfolio in one of its main portfolios after first reviewing the consideration in September.
The plan’s investment consultant will continue to monitor the strategy’s short- and long-term performance.
The college is preparing to significantly increase its endowment to $750 million with a matching gift from an anonymous donor.
The plan will receive a private equity pacing model in February.