Emerging/Diverse Managers
The search follows the addition of a maiden 3%, or $350 million, target to the asset class in March.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The institution’s Diversity, Equity and Inclusion Report showed that it has nearly 40% of its domestic assets under management invested with minority- and women-owned investment managers.
The university has added five new U.S.-based managers recently, a report found.
The trust split its domestic large-cap value equity allocation with an additional manager hire last quarter.
Firm lays out how an endowment or foundation can build a robust pipeline of diverse board members, starting with the creation of a board member matrix.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The institution was named as having the “Best Emerging Manager Program” based on an a survey of institutional clients of a global fintech platform, beating out large and prominent public pension plans and endowments.
