percent. The policy benchmark is a weighted average of various market index retums that are
representative ofthe University’s target asset allocation. The fiscal year underperfonnance
against the policy benchmark is due mainly to underperfonnance by the intemational equity
managers during this period.
The Committee approved tennination of one absolute retum manager due to departure of
four senior investment team members in the last few months. Investment staff and consultant, R.
V. Kuhns & Associates, have issued a Request for Proposals for a new manager.
The Investment Committee went into closed session to hear presentations from finalists
in the private equity and real estate manager searches. Subsequently, the Committee authorized
the Executive Vice President for Finance and Administration, or his designee, to enter into
contract negotiation with one new private equity manager and one new real estate manager. New
managers are needed to reach the target allocations to private equity and real estate of 7 percent
and 8 percent, respectively. All new managers are hired as a result of a Request for Proposals
process under the supervision of the University’s Purchasing Division.
U. Student Affairs Committee Report
Ms. Patterson, chair of the Student Affairs Committee, said that the Student Affairs
Committee began its meeting with Mr. Fielden giving a Student Govemment report.
Mr. Fielden reported that the Cat’s Cruiser program continues to be strong with over
20,000 students having used it already. It runs from 9:00 pm to 3:00 am, Thursday through
Sunday. Students are picked up and droped off the in surrounding areas, and the program is very
successful.
Ms. Patterson reported that the Tally Cats program has approximately 2,200 students
signed up. Students eam points for attending special events, athletic events, and student
meetings. The student organizations’ membership is up as a result of this program.
The Wildcat Interest Group is a new SGA initiative. It is a non-partisan lobby group of
students to generate interest in the state legislature at the state-level. Students connect with state
legislators on a variety of issues, which is the same thing UKAN is doing with alumni.
"Wildcats in Washington” is another new program. Students work with legislators at the
national level and live in Washington, DC, for a semester while eaming course credit.
K Week was extremely successful in August for new students. A large number of events
for students took place during that week.
Ms. Curris brought up the play, Bringing it Home: Voices of Student Veterans, which is a
collaboration between the Veteran’s Resource Center, the Department of Theatre, and the UK
Oral History Center. The play was recently selected by the New York Intemational Fringe
Festival as the number one play. The UK student actors get to spend three weeks in New York.
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