Champaign, IL - The State Universities Retirement System (SURS) Board of Trustees on Jan. 30 approved the FIS Group to coordinate the transfer of the existing Progress Non-US equity portfolio to a global equity manager of emerging managers program, subject to successful completion of legal negotiations.
A request for proposal was issued in November 2019 for firms to provide diversified global equity strategies. Additional firms will be considered later this year with the help of SURS general investment consultant Meketa.
In other business, the board:
- Approved adding pro environmental, social and governance (ESG) language to SURS Investment Beliefs. The updated document can be found on SURS website at https://surs.org/surs-investment-beliefs.
- Approved an updated Defined Contribution Investment Policy. The DC Investment Policy can be found at https://surs.org/sites/default/files/pdfsx/SMPpolicy.pdf.
- Approved an updated Defined Benefit Investment Policy. The document can be found at https://surs.org/sites/default/files/pdfsx/policy.pdf.