Equity
The fund has issued RFPs seeking equity and fixed-income managers.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The plan will consider multi-asset credit manager recommendations in March and terminated mandates with GMO and MetLife last week.
The plan has launched its search seeking domestic mid-cap growth equity managers ahead of its incumbent’s contract expiration.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
The firm closed its fifth direct equity co-investment fund with approximately $2.1 billion.
The plan, whose incumbent was first hired in 2016, is seeking managers to handle between $30 million and $40 million.
The firm had been on watch since the third quarter of 2019 due to underperformance.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The plan concluded a search for a replacement emerging markets equity manager.