A university in Canada approved a new benchmark allocation for its endowment in the 2021 fiscal year, significantly increasing its allocation to global equity.
The library approved a new target allocation that increased allocations to safe haven assets in fixed-income, reduced its global asset allocation target in favor of strategic equity and fixed-income allocations and balanced its regional exposure in equities to better align with the MSCI ACWI.
A fund in the Great Plains region invested in two new active absolute return managers and terminated an existing absolute return manager at its board meeting last week.
A fund in the South is considering changes to its investment policy statement to expand current fixed-income guidelines to allow its core plus managers opportunities to deliver additional alpha.