Domestic Equity
The plan will receive a recommendation to restructure its equity portfolios at a meeting this week, including terminating managers.
The university approved terminating an active domestic large-cap value equity mandate and transitioning the assets to two passive index strategies alongside plans to ask the state legislature to create a $1 billion permanent endowment.
The plan concluded a search that began in October due to underperformance and personnel changes at its incumbent.
The plan’s incumbent manager will be interviewed along with three other finalists.
The university system is considering adding a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The trust’s incumbent U.S. small-cap growth equity manager ceased operations.
The plan will receive ESG manager search results in February.
The plan approved a consultant recommendation to replace its existing U.S. small-cap equity option.
The institution approved a new passive equity index investment with a diverse manager this summer as part of its commitment to promote diversity, equity and inclusion internally and through its selection of investment managers.
The plan hired a passive domestic large-cap growth equity manager to replace an active mandate.
