Non-U.S. & Global Equity
The pension plan approved three commitments with an existing manager relationship last week.
The deferred compensation plan’s active global large-cap growth equity manager had been on watch since the third quarter due to underperformance.
The fund has entered a strategic partnership with a global quantitative equity manager, which will see them collaborate to develop cutting-edge investment products and foster innovation to better understand evolving investor needs.
The university approved a recommendation from its general investment consultant to add global equity managers in alignment with its fossil fuel divestment policy.
The incumbent international large-cap value equity manager had been on watch due to underperformance, asset outflows and organizational changes.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
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.
