Small-Cap
The pension system hired a new manager after closed session deliberations at a meeting this week.
The plan also concluded its small-cap growth search at today’s board meeting.
The retirement system also recently added private markets commitments totaling $26 million.
The university also liquidated fixed-income and equity strategies to fund endowment spending and university advancement payouts.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The deferred compensation plan replaced its domestic small-cap growth and international large-cap value equity managers last month.
The fund anticipates awarding five contracts in the search.
The retirement system approved issuing the RFPs last month due to standard state procurement laws.
The retirement plan will seek board approval to add two domestic equity managers on watch next week.