Non-U.S. & Global Equity
The university will consider adding global equity strategies with two firms within its portfolio to eliminate fossil fuel exposures within the portfolio’s equity allocations.
The plan is seeking developed markets equity managers to handle a $50 million allocation.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The university will consider a new target asset allocation that increases its target to developed markets equity at the expense of emerging markets equity.
The pension plan will consider hiring five non-U.S. equity managers and approving a new private equity portfolio structure this week.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The hires conclude a search for managers to handle a $20 million allocation to the asset class.
The retirement board selected a new emerging markets equity manager following finalist interviews held last month.
The retirement system hired a firm to replace its underperforming incumbent earlier this week.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.