International / Global / Emerging Markets
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The plan has also terminated an underperforming international equity manager.
The firm lifted out an emerging market debt team from Western Asset Management.
The plan also placed two investment managers on watch last month.
The retirement system has issued two RFPs in accordance with state regulatory requirements.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The plan named three finalists to replace its current international growth equity manager.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
The plan has selected four firms for further due diligence and evaluation.