Equity
The plan is required to go out to bid every seven years.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The system is searching for a manager of investment to support its public market portfolios, including conducting research on investment strategies, managing investment selection, conducting due diligence and monitor investments and external investment managers.
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.