International / Global / Emerging Markets
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
The plan completed a search for global growth equity managers today following finalist interviews held last month.
The plan has opened searches for active global and emerging markets equity managers.
The watch placement comes as the firm’s global cio resigned last month.
The fund expects to receive recommendations to add new multi-strategy hedge fund and international equity managers to its portfolio this month after making a private credit commitment at the end of the third quarter.
The foundation added impact private equity and emerging markets equity strategies with new managers within its endowment in the first half of 2023.
The restructuring resulted in the termination of two active managers.
The plan launched a search to replace its incumbent in July due to organizational changes as well as underperformance.
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.