International / Global / Emerging Markets
The foundation is looking to add diverse-owned managers, of which currently has four, to its portfolio along with regionally focused investments.
The plan’s incumbent managers were first hired in 2016.
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The pension fund approved the staff recommended RFP last week.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The plan’s upcoming search will not include its incumbents.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The plan had been scheduled to issue the RFP for due diligence purposes.