Small-Cap
The restructuring will next eliminate three more managers next month.
The plan will receive a list of candidates at its June 25 board meeting.
Plan selected two finalists in its emerging markets small-cap equity search and added a real assets commitment for pacing purposes today.
Plan added a maiden small-cap growth mandate with a new manager.
Plan made commitments to eight existing managers and one new manager last month.
New domestic small-cap core mandate will complement existing small- to mid-cap and value investments.
The university added domestic small-cap value equity and international value equity investments as well as a private real assets commitment this year, while redeeming from two hedge fund managers.
Incumbent firm beat out four other finalists presented in a search last quarter.
Plan invested with two international equity managers and a direct lending manager yesterday.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
