Domestic Equity
The pension plan’s investment committee approved four commitments totaling $275 million last week.
The retirement system hired a new manager to replace BlackRock last month.
The pension plan will consider potentially replacing its domestic small- to mid-cap core equity manager, which has underperformed.
The program expects to conclude its domestic all-cap equity index manager search at a special board meeting this month.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The pension plan will liquidate its entire domestic equity roster.
The search is open to core, growth and value managers.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The university recently added a new domestic equity manager within its endowment with funding coming from cash and future distributions from managers in the asset class.
