Non-U.S. & Global Equity
The retirement system made a change in emerging markets equity managers in May.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The pension plan approved a private debt manager search and new 2025 fiscal year asset allocation policy for its four systems last week.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The university is closing on its goal of allocating 2.5% of its endowment to climate solution investments after creating the target in 2022 as part of broader goals to achieve a net-zero carbon emissions endowment.
The retirement system has terminated a global equity manager that it first hired in 2014.
The pension plan approved three commitments with an existing manager relationship last week.
The deferred compensation plan’s active global large-cap growth equity manager had been on watch since the third quarter due to underperformance.
The fund has entered a strategic partnership with a global quantitative equity manager, which will see them collaborate to develop cutting-edge investment products and foster innovation to better understand evolving investor needs.