Equity
The city’s deferred compensation and defined contribution plans replaced a domestic small-cap value equity manager today and its defined benefit plan will schedule finalist presentations in its large-cap growth search for next month.
The university approved private equity, real asset, international equity and fixed-income investments with new managers in the second half of 2022.
The university also pivoted one of its retirement plans toward fixed-income during the fourth quarter.
The fund has issued RFPs seeking equity and fixed-income managers.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The plan will consider multi-asset credit manager recommendations in March and terminated mandates with GMO and MetLife last week.
The plan has launched its search seeking domestic mid-cap growth equity managers ahead of its incumbent’s contract expiration.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
The firm closed its fifth direct equity co-investment fund with approximately $2.1 billion.
The plan, whose incumbent was first hired in 2016, is seeking managers to handle between $30 million and $40 million.