International / Global / Emerging Markets
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The plan rehired its incumbents after receiving search reports in July.
The retirement system has terminated one of its global equity managers, which had underperformed.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The plan was notified of a manager termination as well as two redemptions at its Sept. 11 board of investments meeting.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
The pension fund will interview three finalists at Thursday’s board meeting.
The pension fund also concluded an emerging market debt manager search with a hire at today’s board meeting.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.