Equity
A plan based on the West Coast is consideration the addition of active equity managers as part of shift in portfolio structure.
The plan disclosed 14 recent commitments and an equity manager termination.
The university will consider investing in an international equity strategy that excludes fossil fuel companies and receive an education on private equity centered on the potential establishment of a maiden 10% target to the asset class.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.
The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.
The plan’s global equity manager experienced recent underperformance.
The plan will receive replacement options at its Sept. 7 board meeting.
The plan will add three value managers to its international equity portfolio.
The fund is seeking a firm to provide passive equity exposure for a portfolio with minimal tracking error due to the contract expiration of its current provider.