International / Global / Emerging Markets
The plan is considering adding international value managers to complement its growth exposure.
Plan reached an impasse in contract negotiations with a firm originally selected in February.
The plan terminated an international equity manager last month due to underperformance and organizational concerns.
A plan based on the West Coast is consideration the addition of active equity managers as part of shift in portfolio structure.
The plan disclosed 14 recent commitments and an equity manager termination.
The university will consider investing in an international equity strategy that excludes fossil fuel companies and receive an education on private equity centered on the potential establishment of a maiden 10% target to the asset class.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The plan made a change in domestic large-cap growth equity managers last quarter.
The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.
The plan’s global equity manager experienced recent underperformance.