Equity
The university is seeking an investment director for public equities to evaluate potential investments, monitor existing investments and oversee external investment managers.
The university expects its discretionary provider to conduct a review of its strategic asset allocation during the third quarter and a separate review of its global equity portfolio during the fourth quarter.
The new manager joins two global equity managers that were hired last year.
The fund has narrowed its search for a new global equity manager for its portfolio to three finalists and selected a firm in its domestic large-cap growth equity manager search at its board meeting this week.
The pension plan will consider hiring two domestic large-cap growth equity managers later this month as part of an ongoing shortlist search.
The firm has hired two senior professionals to expand its distribution presence in Europe and Asia.
The plan disclosed recent commitments from both the public and private markets.
The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.