Equity
The retirement plan also added a private equity commitment at last week’s board meeting.
The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The plan also made two private equity commitments at its board meeting today.
The retirement system will also see its deputy executive director retire next week.
The pension plan also made private debt and private equity commitments yesterday.
The pension plan hired a new domestic small-cap value equity manager to replace an underperforming incumbent last week.
The university has placed a global equity manager on ‘hold’ due to portfolio manager departures and another global equity manager on ‘watch’ due to performance concerns.
The international small-cap growth equity manager underperformed and experienced asset outflows as well as organizational changes.
The pension fund may receive a recommendation on more specialized managers in the asset class later this summer.
