Passive Equity
The plan hopes to receive additional response to a new RFP.
The university system is considering adding a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The public school fund selected its incumbent passive equity manager to handle approximately $343 million in October following a search from this summer due to the firm’s contract expiration.
The plan will receive ESG manager search results in February.
The searches are being conducted to comply with state procurement laws.
The institution approved a new passive equity index investment with a diverse manager this summer as part of its commitment to promote diversity, equity and inclusion internally and through its selection of investment managers.
The plan hired a passive domestic large-cap growth equity manager to replace an active mandate.
The plan also disclosed a pair of private markets commitments.
The search aims to expand the geographic focus of the plan’s existing factor portfolio and provide alternatives to building its existing four underlying factor exposures.
The plan is looking to fill a 5% target to liquid real assets within its OPEB portfolio approved over the summer.
