Equity
The retirement system is seeking three non-U.S. equity managers to handle a total of $25 million.
The retirement system also made a value-add real estate commitment last week.
The retirement system issued RFPs to comply with state procurement regulations.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The university recently swapped out a small-cap value equity strategy for a Standard & Poor’s small-cap exchange-traded fund in the first quarter.
The 529 plan added a domestic mid-cap value equity strategy and swapped responsible equity investments at a meeting last month.
The plan also terminated an international small-cap equity manager for performance reasons.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.