International / Global / Emerging Markets
The retirement system made a change in emerging markets equity managers in May.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The plan is looking to invest 2% of its assets with an emerging markets small-cap equity manager.
The searches follow asset class reviews by the plan’s general investment consultant.
The search is open to core, value and growth non-U.S. equity managers.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The university unanimously approved making public equity investments with new domestic and international equity managers within its endowment at its June board meeting.
The pension plan funded one of its separate account mandates for the global equity emerging manager program last month.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.