International / Global / Emerging Markets
The plan hired a new international value equity manager following finalist interviews at its September board meeting.
Geopolitical events, regulatory changes and policy shifts have led investors to reevaluate the role of exposure to China in their portfolios.
The plan also made a private equity commitment in the second quarter.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.
A total of four firms were interviewed at a board meeting today.
The foundation approved investments with two Black-led strategies as it looks to achieve its goal of allocating half of its portfolio to diverse-owned managers by the end of 2025.
The retirement fund made commitments totaling $2.7 billion in August.
The plan’s current international equity manager recently saw the departure of a portfolio manager.
The deferred compensation plan replaced its emerging markets equity manager, which had been on watch, in the second quarter.
