Asset Study/Review
A university system in the South added a private equity commitment within its endowment alongside some changes to its public equity portfolio to achieve a more balanced and global approach at its investment committee meeting this week.
System updated the investment policy statement for its endowment, consolidating its target allocations, at a meeting last week.
Plan decided not to fund the mandate due to the ongoing Russia-Ukraine war.
The institution will consider increasing its target to private equity through the reduction of its allocation to hedge funds as it looks to increase its return.
The plan increased its private equity and fixed-income allocations at today’s board meeting.
A state fund in the West is starting to divestment its endowment of Russian currency and debt.
The new investor responsibility framework was developed to guide the company’s investment approach and align with broader sustainability and social responsibility objectives of its founding institution.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
The Southern university system approved creating a $300 million endowment to help undergraduate students pay for college with funding coming from investment returns generated by university financial officers.
