International / Global / Emerging Markets
The plan diversified its international equity portfolio by swapping a growth manager for a value manager this week.
Plan will consider options for redirecting its dedicated emerging markets equity allocation at a future meeting.
The plan added a European private equity commitment in the first quarter.
The plan is searching for two emerging market debt managers and one high-yield fixed-income manager.
The plan is seeking an international equity manager to handle a $35 million allocation.
A total of up to $1.5 billion is expected to be awarded in the search.
The plan moved to an ACWI ex-U.S. manager from an EAFE manager at its board meeting this month.
The pacing plan calls for a total of $58 million to private debt and private equity over the next two years.
The plan made a hire this week following finalist interviews held over the last two months.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.