Equity
The plan swapped out an underperforming international equity manager at a meeting this week.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The plan rehired its incumbents after receiving search reports in July.
The retirement system has terminated one of its global equity managers, which had underperformed.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The plan has four incumbent managers in the two asset classes.