Real Assets
Plan’s investment committee approved a pair of real assets commitments subject to full board approval next week.
The plan will interview six firms in November as part of two ongoing real asset manager searches.
Plan will retain its existing investment consultants as the result of a search launched last quarter.
Hires stem from a newly adopted asset allocation.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
The plan liquidated two of its active domestic large-cap growth equity mandates in an effort to consolidate the portfolio.
The plan will review an asset allocation study that may introduce two new sub-asset classes next month.
The plan is seeking managers to handle an up to $600 million mandate.
The search is to replace a manager terminated at last month’s board meeting.
A university on the West Coast approved convening a committee to investigate a proposal to divest its endowment of fossil fuels and reinvest in more environmentally sustainable assets at its board meeting earlier this month.