International / Global / Emerging Markets
The university added an international equity strategy with an existing manager and a hedge fund credit strategy with a new manager in the first quarter.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The pension plan terminated a roughly $18 million mandate with an international growth equity manager in the fourth quarter.
The retirement association will look to fill out its new international small-cap equity allocation with a hire next quarter.
The plan will look to add a new global equity manager at a board meeting next month.
The plan’s investment consultant began a replacement search in the fourth quarter.
The U.S. and Israel’s joint strike against Iran over the weekend has prompted retaliation across the Middle East that sent oil prices surging, though industry experts believe the markets can absorb those levels in a short-lived conflict.
The retirement plan will consider the termination of three equity managers amid a restructuring of its public equity portfolio next week.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The city’s two retirement systems committed $12 million apiece for pacing purposes.