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The plan will further consider nine managers in a search that was launched in May.
The university expects its discretionary provider to conduct a review of its strategic asset allocation during the third quarter and a separate review of its global equity portfolio during the fourth quarter.
Outsourced cio usage is expected to “increase considerably’ over the next two years and nonprofit institutions are expected to adopt the discretionary model at the fastest rates, according to new research.
The college savings program added active bond strategies to replace two passive strategies to provide greater flexibility in country and security selection.
The firm has named its next investment head as its current cio is set to retire at the end of the year after more than 16 years of service.
The plan is considering shifting its small- and mid-cap manager relationships as part of a broader discussion about the domestic equity portfolio.
The new manager joins two global equity managers that were hired last year.
The plan disclosed an up to $20 million private credit commitment last month.
The plan committed to an existing private debt manager relationship in March.
The selected firm will serve from July 1 through June 30, 2028.