International / Global / Emerging Markets
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The retirement system is looking to index its international equity portfolio.
The retirement fund also disclosed commitments totaling $1.1 billion in September.
The university added an investment in an international equity strategy that aims to provide long-term returns in excess of the MSCI EAFE index this quarter.
The plan received a work plan at last month’s board meeting that included an RFP to be issued this month.
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The pension fund terminated a pair of underperforming international equity managers last month.
The plan will put three mandates out for bid next year.