Emerging/Diverse Managers
The trust split its domestic large-cap value equity allocation with an additional manager hire last quarter.
Firm lays out how an endowment or foundation can build a robust pipeline of diverse board members, starting with the creation of a board member matrix.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The institution was named as having the “Best Emerging Manager Program” based on an a survey of institutional clients of a global fintech platform, beating out large and prominent public pension plans and endowments.
The plan added $90 million across two commitments in the second quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The bill will help ensure colleges and universities are providing opportunities to women and minority asset managers by mandating transparency and standardizing data collection.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.