Asset Study/Review
The diversity of the university’s endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The plan added a 2% maiden target following an asset/liability study last month.
The plan will also eliminate its long/short equity portfolio.
The plan increased its private credit target and added a commitment within the non-core fixed-income portfolio yesterday.
The plan is in the process of filling its 5% private credit target and conducting a real estate portfolio structure review.
The religious institution adjusted the targets for its investment fund and socially responsible investment fund.
A plan based on the West Coast is consideration the addition of active equity managers as part of shift in portfolio structure.
A church is requiring its pension board and foundation to divest from five oil and gas companies as they do not align with its social or ethical values.
The plan approved a consultant recommendation to swap out its domestic small-cap core equity mandate due to a change in the firm’s investment process.
The terminations stem from a completed domestic equity restructuring.