Asset Study/Review
The plan recently considered replacing its domestic core-plus fixed-income manager due to underperforma
The pension plan updated its asset allocation policy for fiscal year 2025 and beyond after receiving an asset allocation review this week.
The foundation is considering hiring an investment manager or outsourced cio to help align its investment portfolio with its mission of expanding local access to music education.
The changes stem from a new global equity manager structure.
The plan also eliminated its 20% covered calls and 2.5% REITs targets.
The school will consider divesting its approximately $465 million endowment from companies and industries identified by its Advisory Committee on Investor Responsibility that are implicated in military and police violence in Gaza and the West Bank in the coming weeks.
The university is looking to grow its private credit allocation to 10% of its overall portfolio following the approval of a new asset allocation.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The institution approved divesting its endowment from companies profiting from the war in Palestine earlier this month and will look to explore investments that proactively support humanitarian and entrepreneurial companies doing positive work in the region.
The search is a result of a new asset allocation.