The foundation is looking to allocate to impact or mission-aligned investments across fixed-income and equity markets as it begins to explore similar investments in the private markets.
The university approved a recommendation from its general investment consultant to add global equity managers in alignment with its fossil fuel divestment policy.
The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The university will consider adding global equity strategies with two firms within its portfolio to eliminate fossil fuel exposures within the portfolio’s equity allocations.