Equity
The retirement system has issued three RFPs for domestic large-cap and international value and growth equity managers.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement system has issued three domestic equity manager RFPs.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The trust may have transitioned its two active international equity investments to a passive non-U.S. core index fund.
The pension plan also made a private equity commitment for pacing purposes last month.
The pension plan terminated two domestic equity managers in the second quarter.
The plan’s investment consultant recommended hiring specialized managers for its non-U.S. equity portfolio.
The board also disclosed a private equity commitment at today’s investment committee meeting.
