Equity
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
Four total firms will vie for an approximately $521 million mandate.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The plan located in our nation’s capital approved a search for active international equity managers.
The asset classes were recommended by the OPEB trust’s new general investment consultant.
The foundation switched to a large-cap core equity strategy with its existing manager from the firm’s dividend growth oriented strategy in an effort to create a more stable and diversified portfolio.
The foundation revised its target asset allocation in favor of equities at its September investment committee meeting.
The university revised the asset allocation of the policy portfolio for its endowment in fiscal year 2024, increased its weight to public equity at the expense of private partnerships.