International / Global / Emerging Markets
The retirement fund also approved an Africa-focused private equity commitment earlier this month.
The retirement fund terminated the manager due to underperformance.
The retirement system will also receive private markets pacing schedules this week.
The retirement system will conduct searches for domestic and global fixed-income and domestic and emerging markets equity managers.
The termination stems from underperformance and an asset allocation change.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The plan was scheduled to vote on an international equity manager termination this week.
The university also made redemptions from domestic and emerging markets equity managers.
The plan will fund the hires by terminating three existing firms.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.