International / Global / Emerging Markets
The plan will issue the RFP to evaluate the international growth equity landscape.
The plan rehired two of its managers and terminated one as it wrapped up its search process at today’s meeting.
The three firms are recommended for watch status due to underperformance.
The board hired domestic and international all-cap equity managers last quarter.
If approved, the new 20% global core equity allocation would require a search later this year.
The retirement system hired two international equity managers to replace an incumbent that had been on watch since October.
The search is due to personnel turnover at the pension fund’s incumbent fixed-income manager.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The retirement system is looking to index its international equity portfolio.