International / Global / Emerging Markets

The plan will hire multi-asset credit managers as part of the new structure and commit $170 million total to real estate in fiscal year 2023.

Emerging markets is a dynamic asset class where technology, communications and consumer services are gaining market share and successful investing may require nimble strategies to adapt and capture the same growth that underpinned emerging markets prior to the global financial crisis, investment consulting firm Meketa Investment Group says.

The institution approved increasing its investment with an existing equity manager for the third time in over a year after first hiring the firm in early 2020.

The plan terminated its international small-cap equity manager after closed session discussions.

The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.

Plan received only one response to an RFP issued last month.