Equity
The plan interviewed three finalists in a replacement search last week.
The plan has also terminated an underperforming international equity manager.
Investors and allocators approached 2024 with an optimistic outlook, anticipating that inflation had peaked and would continue to reverse course, and they were rewarded as the Federal Reserve cut rates and equity and bond returns ended up firmly in the green. The year ahead, however, leaves investors with questions on how to navigate a market where valuations appear full and few assets appear cheap.
The firm has promoted two team members as managing directors on its healthcare and investor relations teams.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The plan named three finalists to replace its current international growth equity manager.
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.