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.
The current consultant will see its contract expire this year.
The plan made the hires after restructuring its international equity and U.S. fixed-income manager portfolios.
The plan recently hired four hedge fund managers as part of its transition to a direct investment model.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
Plan approved two international large-cap equity manager hires after restarting a search last year.
The university revised the asset allocation for the policy portfolios of two of its asset pools, increasing the allocations to global equity through a consolidation of its public real assets position.
The plan, whose incumbent was first hired in 2016, is seeking managers to handle between $30 million and $40 million.