International / Global / Emerging Markets
The board hired domestic and international all-cap equity managers last quarter.
If approved, the new 20% global core equity allocation would require a search later this year.
The retirement system hired two international equity managers to replace an incumbent that had been on watch since October.
The search is due to personnel turnover at the pension fund’s incumbent fixed-income manager.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The retirement system is looking to index its international equity portfolio.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The university added an investment in an international equity strategy that aims to provide long-term returns in excess of the MSCI EAFE index this quarter.
The plan received a work plan at last month’s board meeting that included an RFP to be issued this month.