Equity
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
The university is weighing a revised investment policy statement that includes increasing its targets to domestic and international equities.
The plan is looking to replace its current manager that has “struggled continuously.”
The university swapped domestic equity managers within its endowment and liquidity pool while also adding real assets and diversifying strategy investments at a recent investment committee meeting.
The retirement plan also terminated a core-plus fixed-income manager.
The university revised its asset allocation and added international equity and private equity managers in the fourth quarter as recommended by its general investment consultant.
The trust will also consider a core-plus real estate manager in May.
The plan now has two active managers in its global equity portfolio.
The university added a new global public equity investment and a private equity commitment with existing managers within its endowment in the fourth quarter.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
