International / Global / Emerging Markets
The plan is looking to allocate up to $250 million to emerging managers.
The retirement fund hired a value mandate to complement its international growth equity mandate last month.
The plan is seeking emerging market debt strategies to invest 1.5% of its assets.
The plan will issue the RFP to evaluate the international growth equity landscape.
The plan rehired two of its managers and terminated one as it wrapped up its search process at today’s meeting.
The three firms are recommended for watch status due to underperformance.
The board hired domestic and international all-cap equity managers last quarter.
If approved, the new 20% global core equity allocation would require a search later this year.
The retirement system hired two international equity managers to replace an incumbent that had been on watch since October.
The search is due to personnel turnover at the pension fund’s incumbent fixed-income manager.
