International / Global / Emerging Markets
The plan interviewed a total of three firms in its international growth equity manager search.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The firm will handle an approximately $300 million emerging markets equity mandate.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The plan will interview three international equity managers, including its incumbent, this summer.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement system selected the firm following finalist presentations held at a board meeting last week.
The pension plan has made four equity investments totaling $850 million.
The university considered adding a fossil fuel-free emerging markets equity strategy within an investment pool and two global equity strategies to its pension fund during its investment committee meeting earlier this month.