International / Global / Emerging Markets
The university added two new developed markets equity strategies within its endowment during the fourth quarter after making three redemptions from developed markets equity allocations in the fall.
The plan interviewed a total of three firms in its international growth equity manager search.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The firm will handle an approximately $300 million emerging markets equity mandate.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The plan will interview three international equity managers, including its incumbent, this summer.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement system selected the firm following finalist presentations held at a board meeting last week.
The pension plan has made four equity investments totaling $850 million.