Professional managers actively invest the University's retirement assets. Manager selection is structured to enhance the probability of meeting the fund's objectives. Where possible, different and complementary strategies of investing are employed.
The table below identifies the investment style of each of the University's managers.
| Investment Style | Investment Manager |
|---|---|
| Large cap. U.S. core stocks | EARNEST Partners |
| Large cap. U.S. growth stocks | Alliance Capital Management |
| Large cap. U.S. value stocks | AllianceBernstein |
| Large cap. U.S. value stocks | American Century |
| Mid cap. U.S. value stocks | GAMCO Investors |
| Small, mid cap. U.S. value stocks | TCW Asset Management |
| Small cap. U.S. growth stocks | Artisan Partners |
| International equity | AllianceBernstein |
| International equity | Capital Guardian Trust Company |
| International equity | JP Morgan |
| Emerging markets equity | Capital Guardian Trust Company |
| Emerging markets equity | Templeton Investment |
| Alternative investments: Absolute Return | Bridgewater Associates |
| Alternative investments: Absolute Return | Ramius Advisors |
| Alternative investments: Private equity | Cerberus Series Four |
| Alternative investments: Private equity | JF Lehman Equity II |
| Alternative investments: Private equity | MidOcean Partners III-A |
| Alternative investments: Private equity | Quadrangle Capital Partners II |
| Alternative investments: Private equity | RiverVest Fund II |
| Alternative investments: Private equity | Thompson Street Capital II |
| Alternative investments: Private equity | Vectis Life Sciences Fund I |
| Alternative investments: Private equity | Vestar Capital Partners V, L.P. |
| Alternative investments: Private equity | Welsh, Carson, Anderson & Stowe X, L.P. |
| Real estate | RREEF America II |
| Real estate: Funds IV and V | TA Associates |
| Global fixed income | Capital Guardian Trust Company |
| Global fixed income | Pacific Investment Mgmt. Company |