The retirement system is looking to index its international equity portfolio.
The plan will put three mandates out for bid next year.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.
The plan interviewed five total private equity firms last quarter.
The firm underperformed in all time periods since inception.
The plan conducted a search to replace an emerging markets equity mandate.
Three firms submitted proposals to the plan’s equity index RFP.
The plan will put more than $14 billion out for bid.
The pension system hired a new manager after closed session deliberations at a meeting this week.
The pension plan also made a follow-on infrastructure commitment.