Large-Cap
The retirement system terminated a domestic large-cap core equity manager earlier this month.
The plan replaced a domestic large-cap equity fund with a social index fund as the previous manager had been on watch for performance concerns.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.
The deferred compensation plan hired a new domestic large-cap core equity manager last week.
The university has added to its investments with a domestic large-cap equity and multi-strategy hedge fund manager since September.
The retirement system replaced one of its domestic large-cap value equity managers due to concerns about succession planning.
The plan terminated a domestic large-cap growth equity manager last month.
The plans had issued an RFP for the services in the first quarter.
The firm placed its investment in a domestic-large cap fund on watch in the third quarter due to performance concerns, while also removing two funds from watch status.