Equity
The plan recently approved allocations to two firms in its public global equity emerging managers search.
The university invested over $2 billion to back the launch of an index ETF that allocates 90% to the Standard & Poor’s 500 Index and 10% to the S&P U.S. Investment Grade Corporate Bond 1-3 Year Index.
The retirement plan also made a private equity commitment for pacing purposes in the second quarter.
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The plan liquidated a domestic large-cap core equity manager in the second quarter.
The plans replaced their domestic mid-cap growth equity manager, which had been on watch since the fourth quarter.
The deferred compensation plan replaced an underperforming domestic large-cap value equity manager in the second quarter.
The university system will consider a recommendation from its investment consultant to redeem all assets from two global equity managers that it placed on watch earlier this year due to personnel changes and underperformance.
