International / Global / Emerging Markets
Plan committed to a Stockholm-based buyout manager earlier this week.
The plan hired two firms after finalist interviews at today’s board meeting.
The plan will discuss an existing international equity manager next month following underperformance concerns.
Plan is seeking emerging market debt managers to handle an allocation ranging between roughly $700 million and $1.12 billion.
The plan rehires its value manager, believing it will outperform growth going forward.
The plan will not move forward with the hire after learning of personnel departures.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
The plan is looking to hire a dedicated emerging markets equity manager to fill a structural underweight in the portfolio.
The plan is gearing up to search for a new international bond manager and expects to hire a new active large-cap growth manager next month.
