Equity
The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
The plan hired two firms in its emerging markets equity manager search from the fourth quarter due to standard state procurement laws.
The plan’s incumbent manager will cease operations next month.
Plan made commitments to eight existing managers and one new manager last month.
Plan expects to receive a recommendation at its Oct. 12 board of investments meeting.
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.
