International / Global / Emerging Markets
The plan will interview two firms in September as it looks to replace its current manager due to personnel changes and a decline in AUM.
Plan will discuss the full redemption of its international value manager due to that firm’s closure at next week’s board meeting.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
The plan is seeking two or more managers to handle roughly $2.9 billion.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.
The Lone Star State-based fund added an international value equity mandate to complement its growth-focused managers.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plan hired a new international value equity manager last month to replace its incumbent.