International / Global / Emerging Markets
The retirement system will discuss implementing its new strategic asset allocation with manager searches.
The deferred compensation plan made the decision last quarter after reviewing four potential replacement options.
The pension will allocate $250 million to $400 million each to multiple mandates.
The retirement system shifted away from non-core fixed-income as part of changes approved at today’s investment committee meeting.
The deferred compensation plan is searching for an active manager to handle its ESG investment option.
The fund’s consultant is concerned with its underperforming international equity manager.
The pension fund concluded an RFP process for international core and value equity managers.
The hire will save the plan over $1 million in fees annually.
The retirement system is considering a replacement search for an underperforming manager.
The retirement system terminated its international all-cap manager due to underperformance.