International / Global / Emerging Markets
The plan interviewed three finalists in a replacement search last week.
The plan is hoping to capture more alpha through the manager change.
The plan will interview three finalists in its global equity manager search in March.
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The plan has also terminated an underperforming international equity manager.
The firm lifted out an emerging market debt team from Western Asset Management.
The plan also placed two investment managers on watch last month.
The retirement system has issued two RFPs in accordance with state regulatory requirements.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system will hear from three international value equity managers at next month’s board meeting.