International / Global / Emerging Markets
Pension plan expects to review approving a search for international small-cap equity managers next month.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
The retirement association is looking to add a passive component to its international equity portfolio.
The incumbent manager was replaced due to founder retirement, falling assets and client departures.
The review may lead to replacement searches for two incumbent managers.
The retirement system also terminated an international growth equity mandate.
The three finalists to be recommended at this week’s meetings do not include the pension plan’s incumbent consultant.
The plan agreed to extend a relationship with RVK that dates to 2006.
The retirement system conducted a similar search in 2016 when it rehired its incumbent manager.
A 529 plan based in a Western state has added two international equity funds to one of its investment option portfolios.
