International / Global / Emerging Markets
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The plan hired both incumbents in its international equity manager searches.
The plan also terminated an emerging markets equity manager for performance reasons.
The new structure will result in manager terminations and searches.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
The pension plan also made a real assets commitment this week.
The university added two new developed markets equity strategies within its endowment during the fourth quarter after making three redemptions from developed markets equity allocations in the fall.
The plan interviewed a total of three firms in its international growth equity manager search.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The firm will handle an approximately $300 million emerging markets equity mandate.