Large-Cap
The plan recently placed an international large-cap equity manager on watch due to underperformance and made $80 million in total private equity commitments.
The firm had been on watch since August 2021 due to underperformance.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
Plan reached an impasse in contract negotiations with a firm originally selected in February.
The university will consider adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and a private debt manager as it looks to build out its allocation to the asset class.
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
The plan will revisit a recommendation to terminate its active domestic large-cap growth mandate and move the assets to a passive account.
The plan made a change in domestic large-cap growth equity managers last quarter.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.