Domestic Equity
Stubborn levels of inflation and other factors like changing dynamics of geopolitics and global trade will make actively managed equities essential to navigating the market environment, according to a new survey.
Plan will replace a recently terminated core real estate manager.
The fund approved terminating a domestic large-cap growth equity manager due to underperformance and reinvesting the proceeds with an existing passive equity manager relationship late last year.
The education system will consider revisions to the target asset allocation for its portfolio as part of changes to its investment policy statement at a special meeting today.
The institution will come back with a recommendation on how to redeploy the assets from recently terminated public equity and hedge fund managers at a future meeting.
The plan made a U.S. small-cap value equity manager hire at its November board meeting.
The plan will conduct on-site visits with five firms before presentations and selection slated for its March board meeting.
The university adjusted its investment policy to allow for increases to its equity portfolio following a recommendation from its investment advisor to diversify and enhance portfolio returns.
The plan’s incumbent was first hired in 1997.
The plan replaced its existing domestic small-cap value equity manager due to underperformance and organizational turnover.