FROM: Don Pierce, Chief Investment Officer
SUBJECT: Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy)
RECOMMENDATION:
title
Recommend that the Board approve and adopt updates to the Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy).
body
BACKGROUND:
General Policy No. 005 involves the periodic review of Board Policies and indicates that the Investment Committee shall review investment policies every three years.
Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy) was last reviewed in 2021.
Investment staff, NEPC, and our Legal department have conducted a review of Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy) and has found it consistent with current practice. Staff is therefore recommending renewal of Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy) without substantive change.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: Investment Policy No. 002 (Informed Rebalancing/Tactical Asset Allocation Policy)