Domestic Equity
Plan received only one response to an RFP issued last month.
Another team member will assume his current responsibilities on Sept. 30.
The new firm replaces Thompson, Siegel & Walmsley, which had been monitored for performance reasons since 2019.
Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
The university is looking to add actively managed domestic and emerging markets equity strategies in order to diversify and enhance its portfolio’s returns.
A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.
The restructuring will next eliminate three more managers next month.