International / Global / Emerging Markets
The pension fund concluded an RFP process for international core and value equity managers.
The hire will save the plan over $1 million in fees annually.
The retirement system is considering a replacement search for an underperforming manager.
The retirement system terminated its international all-cap manager due to underperformance.
The retirement system is seeking a replacement for its recently terminated international small-cap core equity manager.
The plan added a new international all-cap equity allocation in March.
Four international equity managers will vie for approximately $164 million.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The system will discuss an implementation plan for the new asset allocation policy next month.