Equity
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.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The university will consider public equity investments with domestic and international equity managers within its endowment at this month’s board meeting.
The university is set to allocate more to domestic stocks and private equity within its largest endowment portfolio after revising its target asset allocation last week.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.
The search follows the plan’s decision to divest its emerging markets equity allocation from Chinese holdings.