The deferred compensation plan terminated two domestic equity managers and an intermediate core-plus bond manager in the third quarter.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The university approved adding a small-cap value equity fund and an all-equity ESG fund as fund options for participants within its defined contribution plan this month.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The search is due to state regulatory requirements.
A total of six new sub-mandates were funded.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.