International / Global / Emerging Markets
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The newest commitments come as part of a pacing plan for the asset class.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
The university added an international equity strategy with an existing manager and a hedge fund credit strategy with a new manager in the first quarter.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The pension plan terminated a roughly $18 million mandate with an international growth equity manager in the fourth quarter.
The retirement association will look to fill out its new international small-cap equity allocation with a hire next quarter.
The plan will look to add a new global equity manager at a board meeting next month.
The plan’s investment consultant began a replacement search in the fourth quarter.