The pension plan terminated two domestic equity managers in the second quarter.
The retirement system also made three commitments at its investment committee meeting last week.
The board also disclosed a private equity commitment at today’s investment committee meeting.
The firm’s seventh direct co-investment program surpassed its $4 billion target.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
An investor consortium led by B Capital and including the $625.7 billion California Public Employees’ Retirement System has agreed to acquire Russell Investments.
The retirement system recently replaced its domestic large-cap value equity manager due to underperformance.
The retirement system is seeking a firm to conduct a fiduciary performance audit.
The senior portfolio manager had been with the pension plan for 29 years.
The retirement plan had worked with general investment consultant NEPC since 2023.