Equity
Commitment represents a new relationship for the plan.
Investment analyst will focus on public equity investments, including preparing research on portfolio companies and asset allocation and performing quantitative analysis, financial modeling and qualitative due diligence.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Plan’s passive investment exposure will now be with one manager.
Plans expect to award a record keeper contract and discuss the potential replacement of an international value equity manager in September.
New public equity policy targets will help the plan better align with the global marketplace.
Plan invested with two international equity managers and a direct lending manager yesterday.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
Axiom will manage a $100 million emerging markets equity portfolio for the plan.
Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.
