Equity
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.
The retirement fund will interview two firms to handle the new allocation.
The plans are reviewing recommendations to replace three existing managers.
The retirement plan’s incumbent manager was placed on watch today for performance and organizational issues.
The university made several re-up and add-on commitments with existing developed equity, hedge fund and private equity managers within its portfolio during the third quarter.
The plan will issue the RFP to evaluate the international growth equity landscape.
The search follows several personnel changes at its incumbent mid-cap growth manager, which has prompted concern from another pension fund.
The plan rehired two of its managers and terminated one as it wrapped up its search process at today’s meeting.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The three firms are recommended for watch status due to underperformance.