Equity
The plan terminated its active international value equity manager in December due to underperformance.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The institution is seeking investors with experience investing in smaller listed companies in the U.K. and Europe as it finds the opportunity set interesting.
The plan may hire two direct lending managers next month.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The firm hired a head of institutional equities within its equity capital markets group to oversee research, sales and trading, corporate access and corporate services.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan terminated an approximately $182 million long-only alpha mandate and made commitments to three existing and one new manager relationship in January.
The firm hired an individual for the newly created role to develop impact equity strategies for clients.