International / Global / Emerging Markets
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement system selected the firm following finalist presentations held at a board meeting last week.
The pension plan has made four equity investments totaling $850 million.
The university considered adding a fossil fuel-free emerging markets equity strategy within an investment pool and two global equity strategies to its pension fund during its investment committee meeting earlier this month.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.
The plan completed a search for emerging markets small-cap ex-China equity managers in the fourth quarter.
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.