All-Cap
The hires conclude a search first approved in June.
Program had underperformed its custom benchmark net-of-fees since inception.
The university will consider investing in an international equity strategy that excludes fossil fuel companies and receive an education on private equity centered on the potential establishment of a maiden 10% target to the asset class.
The plan has replaced emerging markets equity manager Newton Investment Management, which it had been monitoring.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
Mid-Atlantic Plan Seeking Active Equity Managers
The plan is searching for active all-cap growth managers and passive equity managers.
The plan hired a global tactical asset allocation manager at its May meeting.
The plan rehired its original selection after reissuing an emerging markets equity RFP.
Plan added a $40 million commitment to an existing minority- and women-owned investment firm and made several changes to its watch list this week.