International / Global / Emerging Markets
The search is for global ex-U.S. and passive equity managers.
The education system will consider revisions to the target asset allocation for its portfolio as part of changes to its investment policy statement at a special meeting today.
The institution will come back with a recommendation on how to redeploy the assets from recently terminated public equity and hedge fund managers at a future meeting.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
Plan is searching for a multi-asset credit manager to fill a maiden allocation to the asset class.
The plan will receive a recommendation to approve a new manager structure for the asset class that will result in eliminations and subsequent searches.
The plan’s incumbent manager was first hired in 2004.
The university adjusted its investment policy to allow for increases to its equity portfolio following a recommendation from its investment advisor to diversify and enhance portfolio returns.
The plan will seek approval to liquidate a $51 million mandate, with $15 million going to cash and the remainder to international equity.
The plan has begun searches for international equity and core and non-core real estate managers.