International / Global / Emerging Markets
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The plan hired a new international equity manager after interviews yesterday.
The terminations are consistent with the retirement plan’s previously approved public equity restructuring.
The plan bolstered its private real assets portfolio with three commitments today.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The retirement system will allocate $450 million with the new international equity manager.
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The newest commitments come as part of a pacing plan for the asset class.