Real Assets
The fund will make investments in wind power, carbon capture and other energy transition initiatives.
The university is looking to hire an investment associate focused on private investments and real assets.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The plan approved a futures overlay manager search to remove its cash drag and also hired a new infrastructure manager yesterday.
The plan concluded two manager searches this week.
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The plan will reduce its total alternative and equity targets to fund the new asset class.
The plan will issue RFPs following adoption of a new asset allocation in June.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The fund will further discuss a potential oil hedging program at a future meeting after receiving an education on the intricacies of oil hedging from an investment manager at this week’s board meeting.