Plan received only one response to an RFP issued last month.
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
The plan terminated an underperforming manager and added three private markets commitments.
Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.
The plan approved a 3% allocation to Acadian Asset Management at its board meeting on Friday.
Plan’s private equity and real estate committees considered adding three commitments totaling $170 million last week.
The plan will interview three co-investment finalists next month for an up to $10 million mandate.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Firm’s strategy had underperformed the MSCI EAFE Index over the one- and three-year periods ending March 31.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch