The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.
The plan approved a futures overlay manager search to remove its cash drag and also hired a new infrastructure manager yesterday.
District is seeking an investment advisor to advise on its $100 million to $150 million in investable assets.
The plan hired a domestic large-cap core equity manager to handle approximately $32 million at its board meeting yesterday.
The incumbent manager was first hired in 2006.
The plan’s global equity manager experienced recent underperformance.
The plan is looking to consolidate its services to one single provider.
The university is seeking a firm to provide record keeping, custodian, investment management, administration, communications, education and other related services for its 403(b) plan.
The search follows the plan rescinding a January commitment to a blockchain-focused fund.
The plan will commit up to $3.4 billion to the two asset classes.