Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
NEPC tells trustees markets favored index investors; fossil-fuel exposure in UMS portfolios falls to about $600,000
Summary
NEPC reported strong Q3 equity performance, flagged active-manager underperformance in several global equity mandates and said the University of Maine System's fossil-fuel exposure across three pools has fallen from about 2.5% (~$14M) to roughly 10 basis points (~$600k), with limited remaining exposure concentrated in a hedge fund.
NEPC presented a capital-markets and portfolio review to the University of Maine System Investment Committee on Dec. 1, reporting strong equity returns for the quarter and year-to-date and recommending monitoring and, where appropriate, rebalancing to policy targets.
Matt from NEPC said U.S. large-cap and small-cap indices posted strong gains and noted that active managers have struggled in a market concentrated in a small…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
