FROM: Don Pierce, Chief Investment Officer
SUBJECT: Investment Policy No. 017 (Alternative Investment Structures)
RECOMMENDATION:
title
Recommend that the Board approve and adopt updates to the Investment Policy No. 017 (Alternative Investment Structures).
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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. 017 (Alternative Investment Structures) was last reviewed in 2021.
Investment staff, NEPC, and our Legal department have conducted a review of Investment Policy No. 017 (Alternative Investment Structures) and has found it consistent with current practice. Staff is therefore recommending renewal of Investment Policy No. 017 (Alternative Investment Structures) without substantive change.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Prudent Fiscal Management
STAFF CONTACT:
Don Pierce
ATTACHMENTS:
Exhibit A: Investment Policy No. 017 (Alternative Investment Structures)