International / Global / Emerging Markets
The pension fund also concluded an emerging market debt manager search with a hire at today’s board meeting.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The plan has four incumbent managers in the two asset classes.
The search is due to underperformance from the retirement plan’s incumbent manager.
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The plan also terminated three managers last week.
The county’s pension plan and OPEB Trust replaced their global core equity manager, which had been on watch due to underperformance, in May.
The search comes after the plan placed its incumbent international equity manager on watch in May.