International / Global / Emerging Markets
The fund’s consultant is concerned with its underperforming international equity manager.
The pension fund concluded an RFP process for international core and value equity managers.
The hire will save the plan over $1 million in fees annually.
The retirement system is considering a replacement search for an underperforming manager.
The retirement system terminated its international all-cap manager due to underperformance.
The retirement system is seeking a replacement for its recently terminated international small-cap core equity manager.
The plan added a new international all-cap equity allocation in March.
Four international equity managers will vie for approximately $164 million.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.