Domestic Equity
The fund concluded searches launched in January.
The hire concludes a search to replace a current underperforming manager.
The RFPs were approved at last month’s board meeting.
The RFPs will seek managers to handle 10 different strategies.
The endowment wrapped up its domestic large-cap growth index fund manager search at its board meeting last month by selecting a new firm to handle the mandate.
The plan made hires in the two searches at a Nov. 15 special board meeting.
The $20 million commitment results from an ongoing search in the space.
The plan’s current managers handle aggregate mandates of $25.6 million.
The plan launched a search earlier this year to replace a former manager that was terminated.
The selected firm will assume an $86 million mandate currently handled by an underperforming manager.