Private Equity Annual Program Review
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<strong>Private</strong> <strong>Equity</strong> <strong>Annual</strong> <strong>Program</strong> <strong>Review</strong><br />
Current Policy Benchmark<br />
Attachment 1, Page 8 of 34<br />
2/3 FTSE US + 1/3<br />
FTSE ROW *<br />
+ 300bps<br />
• The benchmark creates unintended active risk for the <strong>Program</strong>, as well<br />
as for the Total Fund.<br />
*(2/3 FTSE U.S. Total Market Index + 1/3 FTSE All World ex-U.S. Total Market Index) + 300 bps lagged by one quarter.<br />
8
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