Equity
The plan is seeking regional and country-specific international equity managers.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The plan is required to go out to bid every seven years.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The system is searching for a manager of investment to support its public market portfolios, including conducting research on investment strategies, managing investment selection, conducting due diligence and monitor investments and external investment managers.
The university is seeking an investment director for public equities to evaluate potential investments, monitor existing investments and oversee external investment managers.
The university expects its discretionary provider to conduct a review of its strategic asset allocation during the third quarter and a separate review of its global equity portfolio during the fourth quarter.