The plan hired two firms in its emerging markets equity manager search from the fourth quarter due to standard state procurement laws.
The plan’s incumbent manager will cease operations next month.
Plan will discuss potentially implementing a dedicated allocation to Pan-Asian assets over the next year.
Plans’ incumbent socially responsible manager Boston Trust Walden is invited to rebid.
Plan made commitments to eight existing managers and one new manager last month.
Plan’s new global credit manager will handle an approximately $700 million mandate.
The firm replaces a manager that is closing next month.
Plan expects to receive a recommendation at its Oct. 12 board of investments meeting.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
Commitment represents a new relationship for the plan.