Equity
The plan also approved $25 billion in passive investments with a firm as well as private equity commitments at today’s meeting.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
The plan also terminated a high-yield fixed-income manager in the first quarter.
The deferred compensation plan replaced its underperforming domestic small-cap growth equity manager in the first quarter.
The plan is looking for providers for its approximately $85 billion index portfolio.
The retirement system will look to hire three emerging markets equity managers later this month amid a portfolio restructuring.
The foundation added a new passive large-cap equity fund to replace two active large-cap strategies within its portfolio to diversify traditional momentum strategies and reduce fees.
The retirement system terminated its global large-cap growth equity manager last month.
The search will be conducted to replace domestic large-cap value equity manager Hamlin Capital Management, which was terminated last month.
