University of California Board of Regents, Oakland, later today is expected to adopt a new investment strategy for the universitys $41.1 billion Retirement Plan and $6.2 billion General Endowment Pool.
The boards committee on investments approved a proposal Wednesday for the retirement plan to increase allocations of long-term private equity to 6% of total assets and real estate to 7%. Both are currently at 5%. The committee also plans to increase absolute-return strategies to 3.5% from 2%.
The General Endowment Pool would increase its private equity allocation to 9% from 7.5%, and the long-term absolute-return strategy would increase to 23.5% from 20%.
If approved by the board, the asset allocation policy is expected to take effect Oct. 1.