Equity
The retirement system collared two international equity managers after interviewing four finalists last month.
The university has added $4 million across four investment funds and more than $3 million across five exchange-traded funds since May.
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The retirement system is seeking three non-U.S. equity managers to handle a total of $25 million.
The retirement system also made a value-add real estate commitment last week.
The retirement system issued RFPs to comply with state procurement regulations.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The university recently swapped out a small-cap value equity strategy for a Standard & Poor’s small-cap exchange-traded fund in the first quarter.
The 529 plan added a domestic mid-cap value equity strategy and swapped responsible equity investments at a meeting last month.
The plan also terminated an international small-cap equity manager for performance reasons.