International / Global / Emerging Markets
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.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.