International / Global / Emerging Markets
The plan recently approved allocations to two firms in its public global equity emerging managers search.
The retirement plan also made a private equity commitment for pacing purposes in the second quarter.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The university system will consider a recommendation from its investment consultant to redeem all assets from two global equity managers that it placed on watch earlier this year due to personnel changes and underperformance.
Board will look to add a new emerging markets equity manager within its $187.4 billion Commingled Trust Fund later this month.
The search comes after the plan placed its incumbent manager on watch.
The emerging markets equity manager had been placed on watch for performance reasons over the summer.
The plan is seeking firms without geographic barriers following an asset class restructuring earlier this year.
