International / Global / Emerging Markets
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
Plan will interview two emerging markets and four developed markets equity managers as finalists in its ongoing searches this summer.
The university has added two commitments as part of its initiative to invest 5% of its portfolio in impact investments, while reducing the carbon footprint of its portfolio over the last two years.
The plan is looking to place nearly $770 million with two managers.
The institution increased its allocation to venture capital and domestic equity allocations last week through target reductions to diversifying investments, international developed equity and emerging markets equity.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
The plan hired two firms in its emerging markets equity manager search from the fourth quarter due to standard state procurement laws.
The plan’s incumbent manager will cease operations next month.
Plan will discuss potentially implementing a dedicated allocation to Pan-Asian assets over the next year.
Plans’ incumbent socially responsible manager Boston Trust Walden is invited to rebid.
