Domestic Equity
The plan hired a new domestic small-cap growth equity manager after Voya Investment Management acquired the U.S. business of prior manager Allianz Global Investors.
Draft RFPs will be reviewed next month for scheduled publication in January.
The plan will issue an investment consultant RFP in the coming months due to upcoming contract expirations and recently made two private equity commitments.
The plan is expected to potentially approve an RFP for domestic small- to mid-cap value equity managers next week.
The plan hired an active domestic large-cap core equity manager at today’s meeting as it has been eyeing a return to active management in the space.
The plan will review an international small-cap value manager and a low volatility equity manager due to underperformance.
The plan will interview two firms next month to handle nearly $200 million.
The firm had been on watch since August 2021 due to underperformance.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.