Equity
Industry strategists see investment opportunities outside of the U.S. in emerging markets, but risks, such as China and its slow growth, pose challenges that institutions should be mindful about, according to a recent webinar.
The firm has promoted a v.p. and analyst to portfolio manager for several of its growth equity and long/short equity strategies.
The plan will interview four finalists in its international small-cap value search.
The foundation added private equity, private credit and international developed markets equity strategies to its portfolio in the second half of 2023.
The institution added a global equity manager to its watchlist due to organizational changes and made an infrastructure commitment as part of its pacing plan last year.
The commitment is part of the plan’s new portfolio structure, which introduced a 5%, or roughly $500 million, private debt target allocation in November.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The plans added a sustainable equity manager to their lineup in October after initially receiving an ESG/socially responsible product analysis search book in April.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The asset allocation changes resulted in several manager hires and terminations at the retirement system’s November meeting.