Domestic Equity
Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
The university is looking to add actively managed domestic and emerging markets equity strategies in order to diversify and enhance its portfolio’s returns.
A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.
The restructuring will next eliminate three more managers next month.
The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
Plan’s consultant will present report on the $8 million search in June or July.
The plan will receive a list of candidates at its June 25 board meeting.
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.