Asset Study/Review
The college decided against student and faculty proposals to divest its endowment from companies supplying military equipment used by Israel in the current campaign in Gaza.
The college is prioritizing making consistent private equity commitments over time so the asset class comprises roughly one-third of its endowment.
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The increases are a result of a new asset allocation study.
The university has postponed its consideration of divesting its endowment from companies and industries that are implicated in military and police violence in Gaza and the West Bank.
The fund has hired an asset allocation consultant and expects to adopt its asset allocation and investment policy statement during its December board meeting.
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.
