Equity
The plan has selected four firms for further due diligence and evaluation.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.
The university approved adding a small-cap value equity fund and an all-equity ESG fund as fund options for participants within its defined contribution plan this month.
The pension plan terminated a roughly $360.5 million emerging markets equity mandate last month.
The plan also placed a domestic equity manager on watch due to underperformance.
The plan also received an update on its global equity manager search at a meeting yesterday.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
Four total firms will vie for an approximately $521 million mandate.