Equity
The plan hired two new managers and retained three at a board meeting this week.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The pension plan also made a real assets commitment this week.
The university added two new developed markets equity strategies within its endowment during the fourth quarter after making three redemptions from developed markets equity allocations in the fall.
The plan interviewed a total of three firms in its international growth equity manager search.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.