International / Global / Emerging Markets
The plan hired a new international equity manager to handle a nearly $90 million portfolio at its board meeting last week.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan also terminated eight managers as part of a public equity implementation.
The plan disclosed first quarter changes to its non-U.S. equity portfolio at a recent meeting.
The retirement system made a change in international equity managers to better capture a balance between growth and value.
The plan hired a passive international equity manager to replace an active mandate in May.
A foundation based in the Midwest allocated to an emerging markets equity strategy with a focus on sustainability last year.
The retirement plan is screening for managers in the securitized credit, short-term investment grade and bank loan asset classes.
The plan also disclosed two new commitments.
The plan also retained two emerging market fixed-income managers.
