Equity
The terminations are consistent with the retirement plan’s previously approved public equity restructuring.
The retirement system will allocate $450 million with the new international equity manager.
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The state deferred compensation fund previously authorized a search to replace an underperforming incumbent in January.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
The plan also made a co-investment commitment last month.
The plan also hired two credit managers in the fourth quarter.
