International / Global / Emerging Markets
The retirement board is seeking an active value-oriented international equity manager.
The firm’s hire will be recommended to the full board at a meeting later this month.
The retirement system is seeking international equity managers to handle a mandate benchmarked to the MSCI ACWI ex-US Index.
The university approved rebalancing its endowment, including hiring two new active public equity managers, while also revising its endowment and non-endowed investment policies last month.
The plan interviewed three firms for its emerging markets equity mandate.
The plan also made private markets commitments totaling $15 million in January.
The plan interviewed two finalists last month for a $46 million mandate.
The plan will interview four emerging markets equity finalists next week.
The retirement system selected a new manager following three finalist interviews held last week.
The plan launched a search last year due to underperformance from its incumbent manager.
