Equity
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The pension plan has replaced its incumbent domestic small- to mid-cap value equity manager, which had been on watch.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The retirement system has terminated a global equity manager that it first hired in 2014.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The plan will interview three finalists for a maiden global equity mandate in August.
The pension plan approved three commitments with an existing manager relationship last week.
The plan began a search in April that excluded its two incumbent managers.