Domestic Equity
The university unanimously approved making public equity investments with new domestic and international equity managers within its endowment at its June board meeting.
The plan retained its incumbent domestic small-cap core equity manager after conducting a search that yielded 52 responses.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The university will consider public equity investments with domestic and international equity managers within its endowment at this month’s board meeting.
The university is set to allocate more to domestic stocks and private equity within its largest endowment portfolio after revising its target asset allocation last week.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The pension plan has replaced its incumbent domestic small- to mid-cap value equity manager, which had been on watch.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
