International / Global / Emerging Markets
The plan made a change in domestic large-cap growth equity managers last quarter.
The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.
The plan’s global equity manager experienced recent underperformance.
The terminations stem from a completed domestic equity restructuring.
The plan will receive replacement options at its Sept. 7 board meeting.
The plan is conducting the search due to underperformance from its incumbent.
The plan will add three value managers to its international equity portfolio.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
The proposed fund liquidation would remove the value-tilt within the plan’s global equity portfolio.
The plan also slated domestic small-cap growth equity manager finalist interviews for its September meeting.