The university considered adding a fossil fuel-free emerging markets equity strategy within an investment pool and two global equity strategies to its pension fund during its investment committee meeting earlier this month.
The pushback on diversity, equity and inclusion by the federal government, which plans to investigate whether DEI initiatives at several large universities and foundations are illegal, alongside several state governments has left some nonprofit institutions questioning their mission.
The university approved rebalancing its endowment, including hiring two new active public equity managers, while also revising its endowment and non-endowed investment policies last month.