Asset Allocation
University of Michigan Pledges to Become Net-Zero by 2050
The $12.5 billion endowment’s portfolio will immediately shift to sustainable assets and shun fossil fuels.
The Canadian pension plan aims for a ‘$10 billion-plus’ infrastructure portfolio.
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
Some 86% now invest in alternatives, says Nuveen survey.