Asset Study/Review
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The plan disclosed several new commitments and is nearing a decision on a new asset allocation.
The foundation is considering a maiden alternatives allocation within its portfolio and weighing the addition of hedge fund, infrastructure and private debt investments to fund the allocation.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
The plan will first issue the fixed-income and private equity RFPs in the next two months.
The university will now consider sustainability factors as part of its investment decision-making process after approving a new investment policy statement this summer.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
Plan added alternatives commitments in September, August and July.
The university approved a new investment policy statement in the first quarter that included the addition of commercial mortgage-backed securities to its list of eligible fixed-income investments.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.