The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.
Plan will issue an RFP moving forward after approving a new global credit allocation last week.
Global investment manager launches sustainable emerging market debt fund focused on companies that positively contribute to the United Nations’ 17 sustainable development goals.
The city employees plan has an unfilled 7% target to emerging markets equity.
His successor will be named next year.
The plan concluded its emerging markets equity search with two manager hires.
The board approved an initial allocation of $1 billion to emerging managers across multi-asset classes.
The plan will conduct three manager searches in the next three to six months.