International / Global / Emerging Markets
The plan rehired firms and made one new hire in its search launched last summer.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The university will consider public equity investments with domestic and international equity managers within its endowment at this month’s board meeting.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The search follows the plan’s decision to divest its emerging markets equity allocation from Chinese holdings.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The retirement system has terminated a global equity manager that it first hired in 2014.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.