International / Global / Emerging Markets
The university is considering a proposal to increase its asset allocation targets to global equity and private equity.
The plan expects to issue an RFP for a general investment consultant RFP later this month and will interview three finalists in an ongoing international equity search.
The plan replaced its $77.5 million Asian all-cap equity mandate with T. Rowe Price Associates last week.
The plan hired two new international equity managers.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan hired two active emerging markets equity managers to split the allocation.
The plan increased its total private markets target as the portfolio is currently overweight to private equity and private real assets and recently placed an MSCI EAFE Index fund manager on watch due to underperformance.
The plan disclosed two recent commitments totaling $900 million and named a replacement for CFO Barry Faison, who will officially retire on Dec. 31.
The plan hired two new managers and disclosed five commitments at yesterday’s board meeting.