Real Assets
Hires stem from a newly adopted asset allocation.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
The plan liquidated two of its active domestic large-cap growth equity mandates in an effort to consolidate the portfolio.
The plan will review an asset allocation study that may introduce two new sub-asset classes next month.
The plan is seeking managers to handle an up to $600 million mandate.
The search is to replace a manager terminated at last month’s board meeting.
A university on the West Coast approved convening a committee to investigate a proposal to divest its endowment of fossil fuels and reinvest in more environmentally sustainable assets at its board meeting earlier this month.
CBRE Global Investors has hired a head of global sustainability and innovation to work closely with teams across the firm’s global business on sustainability and innovation-related matters, ranging from product architecture and capital-raising initiatives to asset-level strategies and solutions.
Plan selected a domestic small- to mid-cap equity emerging manager this week.
The two private equity commitments were made for pacing purposes.
