Domestic Equity
The plan’s current managers handle aggregate mandates of $25.6 million.
The plan launched a search earlier this year to replace a former manager that was terminated.
The selected firm will assume an $86 million mandate currently handled by an underperforming manager.
The foundation is proposing shifting its $642 million consolidated endowment fund toward private equity, domestic public equity and short-duration fixed-income.
The search is for a manager to handle $50 million with funding coming from the reduction or elimination of its current large-cap value manager.
The plan is looking to diversify its domestic large-cap value equity portfolio.
The endowment conduct in-person interviews with three finalists in its domestic large-cap growth index fund manager search at its board meeting this week.
The pension plan hired a new domestic large-cap growth equity manager and committed to an existing opportunistic real estate manager today.
One of two private credit commitments approved earlier this year has failed in negotiations.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
