Plans add emerging markets equity and international small-cap investments for diversification purposes.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The plan has one incumbent manager that has underperformed relative to its benchmark.
Plan is mulling a new allocation to global credit as part of a review of its fixed-income portfolio.
She will support growth of the firm’s $7 billion emerging markets equity strategy.
The plan does not have dedicated managers to either asset class.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
Plan is seeking an emerging markets equity manager across the cap spectrum.
The plan will conduct seven manager searches beginning in January.