Plan approved a new asset allocation policy that addresses the current marketplace.
A university based on the West Coast is considering a clean energy allocation and fossil fuel divestment.
The institution made the bevy of commitments with existing managers within its long-term portfolio between October and January.
The plan approved new credit, venture capital and real estate commitments as well as several changes to its target asset allocation last week.
New public equity policy targets will help the plan better align with the global marketplace.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
New policy increases the plan’s targets to private assets.
College will phase out its indirect investments in fossil fuels, including real assets funds related to oil and gas extraction, with the goal of completing liquidation of the funds by 2033.
The university is planning to divest its portfolios from direct fossil fuel investments by May 31 and indirect fossil fuel investments by 2030.
System added a new investment manager relationship in an overhaul of the investment option lineup for its retirement plans.