The plan also terminated two underperforming domestic equity managers.
The deferred compensation plan terminated an underperforming domestic large-cap value equity manager in the second quarter.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The plan began a replacement search for a domestic mid-cap equity manager terminated last quarter.
The retirement system has issued three RFPs for domestic large-cap and international value and growth equity managers.
The retirement system hired a new domestic small-to mid-cap core equity manager in the second quarter.
The retirement system liquidated the two investments to exit the China market.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement system has issued three domestic equity manager RFPs.
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.