Equity
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The foundation is searching for a director to evaluate, recommend and monitor investment opportunities across public markets, including global equity, marketable alternatives and credit.
The plan also hired an international small-cap equity manager after finalist interviews.
The search is to potentially replace an incumbent that is currently on watch.
The program expects to conclude its domestic all-cap equity index manager search at a special board meeting this month.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The organization has hired a director of public markets to oversee its public equity and fixed-income portfolios.