International / Global / Emerging Markets
The retirement system also increased its fixed-income target at the expense of real estate.
The university revised its asset allocation and added international equity and private equity managers in the fourth quarter as recommended by its general investment consultant.
The trust will also consider a core-plus real estate manager in May.
The plan hired a new emerging markets equity manager this month, replacing an underperforming incumbent.
A Texas-based deferred compensation plan will review emerging markets equity managers to replace its incumbent mandate this week.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
The retirement fund invested roughly $24 million with a new emerging markets equity manager last quarter.
The plan also eliminated its global equity and emerging market debt targets.
The plan interviewed a total of four finalists at a board meeting yesterday.
The plan hired a new international equity manager at today’s board meeting.
