International / Global / Emerging Markets
The terminations are consistent with the retirement plan’s previously approved public equity restructuring.
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The retirement system will allocate $450 million with the new international equity manager.
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The newest commitments come as part of a pacing plan for the asset class.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
The university added an international equity strategy with an existing manager and a hedge fund credit strategy with a new manager in the first quarter.