International / Global / Emerging Markets
The plan approved the search following a quarterly performance review.
The plan hired two firms in its international equity manager search.
The plan swapped out an underperforming international equity manager at a meeting this week.
The plan approved a search last year to complement its existing international equity managers.
The search comes after the plan voted to increase active management in its global equity portfolio.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The plan rehired its incumbents after receiving search reports in July.
The retirement system has terminated one of its global equity managers, which had underperformed.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The plan was notified of a manager termination as well as two redemptions at its Sept. 11 board of investments meeting.