Domestic Equity
The plan placed a firm on watch for failing to meet performance criteria and eliminated its REITs managers to reduce overall volatility within its real estate portfolio.
Plan added a maiden small-cap growth mandate with a new manager.
Plan made commitments to eight existing managers and one new manager last month.
New domestic small-cap core mandate will complement existing small- to mid-cap and value investments.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Plan’s passive investment exposure will now be with one manager.
Incumbent firm beat out four other finalists presented in a search last quarter.
New public equity policy targets will help the plan better align with the global marketplace.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
The plan also made several adjustments to its traditional growth portfolio at its meeting last week.
