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The plan has worked with its incumbent investment advisor since 2009.
The plan may conduct a search to replace its passive core fixed-income manager next year following an asset allocation study.
The plan added the short-term fixed-income mandate in a “defensive move” recommended by its consultant.
Institutions have begun to reevaluate their investment in the world’s second largest economy as they weigh a multitude of factors related to either increasing or reducing their exposure, including geopolitics, diversification and market uncertainties.
The plan rehired its cash overlay manager and terminated a portable alpha manager.
The plan’s incumbent manager was first hired in 2015 and the search is to comply with standard state procurement laws.
The university updated the fund’s asset allocation targets on the heels of several manager hires earlier in the year.
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The institution has appointed a new v.p. for finance and administration ten months after filling the position with a cfo from a mid-Atlantic college.