Equity
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.
The pension plan will liquidate its entire domestic equity roster.
The searches follow asset class reviews by the plan’s general investment consultant.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.