Asset Study/Review
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.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The plan last conducted an asset/liability study 18 years ago.
The fund is looking for opportunities to directly invest in companies based in the state as part of its plan to emphasize the state, identifying and developing new relationships with firms in the state, including emerging managers, as well as seeding strategies created in the state.
The system will consider asset allocation changes for one of its portfolios, shifting it toward global equity and emerging markets small-cap equity and away from international equity and domestic equity, at a meeting this week.
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The university’s board of trustees voted against a proposal to divest from weapons manufacturers and other companies involved in the Israel-Hamas war last week.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.