Domestic Equity
The plan will interview two firms next month to handle nearly $200 million.
The firm had been on watch since August 2021 due to underperformance.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.
The university will consider adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and a private debt manager as it looks to build out its allocation to the asset class.
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
The plan will revisit a recommendation to terminate its active domestic large-cap growth mandate and move the assets to a passive account.
The plan made a change in domestic large-cap growth equity managers last quarter.
The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.