Asset Study/Review
The plan approved an asset allocation for a newly created Higher Education Trust Fund during a board meeting in the second quarter.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
The college’s board of trustees decided against a proposal to divest from companies that sell weapons or materiel to the Israel Defense Forces following months of educations and deliberation from an advisory committee.
Plan liquidated its 5% risk parity allocation in March and reallocated the target to hedge funds, a new allocation for the plan.
The plan’s investment committee initially received an asset/liability education in May.
The retirement fund adopted the new targets after receiving an asset allocation study at a meeting this week.
The university has begun the process of reviewing a resolution that would limit basing investment decisions on political and social events unrelated to the university in response to campus pressure to divest from companies involved with the Hamas-Israel armed conflict.
The fund will review the asset allocation for its portfolio later this year, including changes to targets and the addition of new asset classes, as capital market assumptions have changed significantly since a review was last conducted in 2021.
The pension plan approved a fiscal year 2025 real estate investment plan on Friday that calls for $240 million in total commitments to the asset class.
The pension plan hired a private debt manager and a private equity fund-of-funds manager to each handle 2% allocations in February.