International / Global / Emerging Markets
The university approved rebalancing its endowment, including hiring two new active public equity managers, while also revising its endowment and non-endowed investment policies last month.
The plan interviewed three firms for its emerging markets equity mandate.
The plan also made private markets commitments totaling $15 million in January.
The plan interviewed two finalists last month for a $46 million mandate.
The plan will interview four emerging markets equity finalists next week.
The retirement system selected a new manager following three finalist interviews held last week.
The plan launched a search last year due to underperformance from its incumbent manager.
The retirement fund terminated three managers at last month’s investment committee meeting.
The plan has now hired a total of 12 new international equity managers this year.
The retirement system terminated its incumbent international small-cap core equity manager this month due to personnel turnover.