What's Being Discussed

The Hawaii Employer-Union Health Benefits Trust Fund (EUTF) Investment Committee is holding a meeting on Monday, November 16, 2026, at 9:00 a.m. at the City Financial Tower in Honolulu. The EUTF manages health benefits for state and county government employees and retirees.

• Reviewing minutes from the previous meeting on August 31, 2026
• Closed (executive) session to privately evaluate investment managers for real assets and private credit, and review private market updates — these discussions are confidential by law
• Reviewing the fund's investment performance for the third quarter of 2026
• Discussing and possibly updating the Investment Policy Statement, which sets the rules for how the fund's money is invested
• Progress updates on investment pacing plans for private equity, private credit, and real assets
• Quarterly reports covering private equity, private credit, and real assets performance through Q2 2026

Decisions Expected

• Possible approval of an updated Investment Policy Statement
• Potential decisions related to hiring or evaluating investment managers for real assets and private credit (discussed in closed session)

Who Should Pay Attention

• State and county government employees in Hawaii whose health benefits are managed by the EUTF
• Retirees receiving health benefits through the EUTF
• Members of the public interested in how public trust fund money is invested

The meeting is open to the public in person or via Microsoft Teams. Written testimony can be submitted to eutfadmin@hawaii.gov before 9:00 a.m. the business day prior to the meeting.