International / Global / Emerging Markets
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.
The searches come as the plan looks to increase the amount of active management in its global equity and U.S. small- to mid-cap equity portfolios.
The pension plan funded its second separate account mandate for the global equity emerging manager program in June.