A university in New England made changes to its global fixed-income, real assets and international equity portfolios within its endowment in July and October.
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.
A West Coast pension plan amended its sub-asset class target allocations within its real assets portfolio at the recommendation of staff and its investment consultant.