Equity
The plan also disclosed two new commitments.
A foundation based in the Midwest has hired a new managing investment director from the investment team at a nearby organization.
The plan also retained two emerging market fixed-income managers.
The pension plan hired a new domestic small- to mid-cap value equity manager and made commitments totaling $980.4 million in June.
The searches come as the plan looks to increase the amount of active management in its global equity and U.S. small- to mid-cap equity portfolios.
The pension plan funded its second separate account mandate for the global equity emerging manager program in June.
Nonprofits stand to gain from the increases in efficiencies and profitability that AI technologies have brought large-cap companies, as long as they balance their portfolios and have a long-term view.
The fund will interview three finalists at a board meeting this month after narrowing its international equity manager search from 15 total proposals.
The university added an international equity investment with an existing manager within its portfolio in the fourth quarter.
The plan is expected to issue the RFPs next month.