Kick off collaborative efforts towards impact by committing more than $17.1 million to a fixed-income bond fund.
State treasurer expects the move to save the state about $5 million a year in fees paid to managers.
A net 83% of investors believe US equities are overvalued, with allocations dropping to their lowest levels since January 2008.
Largest quarter-to-quarter increase since 2005, Census Bureau says.
Push is led by Korean institutions, many seeking a 20% minimum allocation to alts before 2020.
Rhode Island treasurer says plan voted against board candidates 257 times last year.
Equity Hedge and Relative Value Arbitrage led the way in Q1.
Largest commitment of its kind by a private foundation; MRIs to be phased in over 10 years.
Continues long diversification journey
$5 million investment will finance women-owned enterprises and projects for low-income communities.
North America still dominates, with 61% of investors saying it currently presents best opportunities.
Industry’s total assets under management at highest level since July 2015.
Despite many getting some bang for their buck in the markets in 2016, investors still have issues with the fees.
Proposed changes include raising absolute return 2% and consolidating real assets and real estate into one asset group.
New managers would account for 30% of all the endowment’s managers specializing in private credit, distressed and other forms of debt.