Asset Study/Review
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
The hire concludes an RFP search launched as part of an investment consultant strategy in March.
The university is set to allocate more to domestic stocks and private equity within its largest endowment portfolio after revising its target asset allocation last week.
The search is being conducted as part of a previously approved investment consultant strategy.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The asset class would be new for the two plans.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The university is closing on its goal of allocating 2.5% of its endowment to climate solution investments after creating the target in 2022 as part of broader goals to achieve a net-zero carbon emissions endowment.