Non-U.S. & Global Equity

Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.

Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.

The plan also made several adjustments to its traditional growth portfolio at its meeting last week.

Investors favoring value investing do not need to only focus on small-cap stocks to access the value premium via long-only portfolios, new academic research finds.

The plan hired a passive international equity manager in an effort to implement a hedging program and will see their first investment officer depart next week.

Plan added infrastructure and private equity buyout commitments at today’s meeting.