Equity
The plan made two hires in its small-cap core equity manager search last quarter.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.
The investments and commitments total more than $650 million across public equity and private markets.
The plan placed its sole global equity manager on watch in the second quarter.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
The plan hired one new manager and retained four in its search.
The new firm will complement two existing managers within the plan’s international equity portfolio.
The retirement fund also terminated a domestic large-cap value equity manager at a board meeting today.
The university hired a new private equity buyout fund and made re-up commitments to private equity growth and natural resources funds within its endowment during the first quarter.
The plan will vote on hiring a new domestic small-cap value equity manager at its board meeting later this week.
