Non-U.S. & Global Equity
The incumbent international large-cap value equity manager had been on watch due to underperformance, asset outflows and organizational changes.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The university will consider adding global equity strategies with two firms within its portfolio to eliminate fossil fuel exposures within the portfolio’s equity allocations.
The plan is seeking developed markets equity managers to handle a $50 million allocation.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The university will consider a new target asset allocation that increases its target to developed markets equity at the expense of emerging markets equity.
The pension plan will consider hiring five non-U.S. equity managers and approving a new private equity portfolio structure this week.
The pension plan liquidated its approximately $1.9 billion global equity mandate and made commitments totaling $1.6 billion in March.
The hires conclude a search for managers to handle a $20 million allocation to the asset class.