Domestic Equity
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The plan selected two firms in its infrastructure manager search.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The fund concluded searches launched in January.
The hire concludes a search to replace a current underperforming manager.
The RFPs were approved at last month’s board meeting.
The RFPs will seek managers to handle 10 different strategies.
The endowment wrapped up its domestic large-cap growth index fund manager search at its board meeting last month by selecting a new firm to handle the mandate.
The plan made hires in the two searches at a Nov. 15 special board meeting.
The $20 million commitment results from an ongoing search in the space.
