Asset Study/Review
The university revised the asset allocation of the policy portfolio for its endowment in fiscal year 2024, increased its weight to public equity at the expense of private partnerships.
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.
The plan is scheduled to approve changes to its asset allocation this week that would see the addition of new asset classes.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
Proposed structure would shift the allocation closer to its MSCI All Country World Index ex USA benchmark and increase active management to 70% from approximately 40%.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The university’s special committee on investment responsibility has decided to take no action on a student-led proposal to divest its endowment from companies supporting the Israel Defense Forces.
The university voted against a student-led proposal to divest its endowment from companies involved in the Israeli occupation of Palestinian territory.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
The retirement fund also adopted a new long-term strategic asset allocation.