Equity
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The pension plan also made a real assets commitment this week.
The university added two new developed markets equity strategies within its endowment during the fourth quarter after making three redemptions from developed markets equity allocations in the fall.
The plan interviewed a total of three firms in its international growth equity manager search.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The firm will handle an approximately $300 million emerging markets equity mandate.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.