International / Global / Emerging Markets
The search follows the plan’s termination of an incumbent manager at yesterday’s board meeting.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The plan decided to move one of its active international equity managers to passive management following performance concerns.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The plan’s micro-cap manager will now manage small-cap mandates.
The plan made a hire in its international small-cap equity manager search in July.
The plan selected the managers at a meeting today following RFPs issued in April.
The plan is seeking firms to handle a roughly $72 million allocation.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
The plan will withdraw prior to the fund’s closure in December.