Equity
The program expects to conclude its domestic all-cap equity index manager search at a special board meeting this month.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The organization has hired a director of public markets to oversee its public equity and fixed-income portfolios.
The pension plan will liquidate its entire domestic equity roster.
The searches follow asset class reviews by the plan’s general investment consultant.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The university recently added a new domestic equity manager within its endowment with funding coming from cash and future distributions from managers in the asset class.
The university unanimously approved making public equity investments with new domestic and international equity managers within its endowment at its June board meeting.
The pension plan funded one of its separate account mandates for the global equity emerging manager program last month.