International / Global / Emerging Markets
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The pension plan terminated a roughly $360.5 million emerging markets equity mandate last month.
The search to fill a roughly $25 million allocation is open to both active and passive strategies.
The plan also received an update on its global equity manager search at a meeting yesterday.
The plan’s board voted today to replace the incumbent with a comparable provider.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
Four total firms will vie for an approximately $521 million mandate.
The plan adopted a new asset allocation mix at its board meeting yesterday.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.