Equity
The pension plan approved three commitments with an existing manager relationship last week.
The plan began a search in April that excluded its two incumbent managers.
The fund has entered a strategic partnership with a global quantitative equity manager, which will see them collaborate to develop cutting-edge investment products and foster innovation to better understand evolving investor needs.
The foundation has hired an investment analyst to wrap up its search for an analyst focused on its public equities portfolio.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The search is being conducted in accordance with state procurement laws.
The pension could invest up to $250 million in a short extension strategy.
The RFP will be issued on the plan’s website “shortly.”
The foundation is looking to allocate to impact or mission-aligned investments across fixed-income and equity markets as it begins to explore similar investments in the private markets.
The university approved a recommendation from its general investment consultant to add global equity managers in alignment with its fossil fuel divestment policy.