International / Global / Emerging Markets
The plan approved a 3% allocation to Acadian Asset Management at its board meeting on Friday.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
The plan will interview three co-investment finalists next month for an up to $10 million mandate.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Firm’s strategy had underperformed the MSCI EAFE Index over the one- and three-year periods ending March 31.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
The university is looking to add actively managed domestic and emerging markets equity strategies in order to diversify and enhance its portfolio’s returns.
Plan invested $230 million across two international growth mandates in the first quarter.
A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.
