Domestic Equity
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.
The retirement system authorized its cio to terminate several public markets investments last month.
The plan also removed a manager from the watch list.
The plan hired its incumbent for a new seven-year term.
The two manager terminations stem from underperformance, asset outflows and high fees.
The plan also appears to have reissued its private markets consultant RFP.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The plan approved the search last month to comply with state procurement requirements.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.