Equity
The plan interviewed two finalists last month for a $46 million mandate.
The plan will interview four emerging markets equity finalists next week.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.
The retirement system is cutting ties before its current manager shuts down its alternative equity team.
The plan has now hired a total of 12 new international equity managers this year.
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
The university is weighing a revised investment policy statement that includes increasing its targets to domestic and international equities.
The plan is looking to replace its current manager that has “struggled continuously.”
The university swapped domestic equity managers within its endowment and liquidity pool while also adding real assets and diversifying strategy investments at a recent investment committee meeting.