Equity
The plan will consider hiring two new managers and signing new contracts with two existing managers next week.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
The plans are looking to fill real estate and international equity mandates totaling $22.5 million.
The 529 plan added emerging markets equity and global REIT strategies within its portfolio of age-based investment options.
A plan based on the West Coast is consideration the addition of active equity managers as part of shift in portfolio structure.
The plan disclosed 14 recent commitments and an equity manager termination.
The university will consider investing in an international equity strategy that excludes fossil fuel companies and receive an education on private equity centered on the potential establishment of a maiden 10% target to the asset class.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.
The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.