Equity
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The deferred compensation plan will issue a record keeper RFP due to the upcoming contract expiration of its incumbent provider.
The endowment wrapped up its domestic large-cap growth index fund manager search at its board meeting last month by selecting a new firm to handle the mandate.
The plan made hires in the two searches at a Nov. 15 special board meeting.
The plan will also renew the contract of a manager currently on watch.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.
The search is due to underperformance from a current manager.
The endowment conduct in-person interviews with three finalists in its domestic large-cap growth index fund manager search at its board meeting this week.
The pension plan hired a new domestic large-cap growth equity manager and committed to an existing opportunistic real estate manager today.
