International / Global / Emerging Markets
The manager had been placed on watch for performance reasons in the fourth quarter.
The retirement fund will reissue a general investment consultant RFP after selecting a new firm for the role last month.
The pension plan placed an international equity manager on watch last month.
The foundation added fixed-income strategies with an existing manager and a new international large-cap equity manager to its portfolio in the second half of 2025.
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The firm interviewed two finalists at yesterday’s board meeting.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The retirement system also concluded its real estate search for debt, opportunistic and value-add managers.
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan replaced an existing manager due to performance reasons.