Non-U.S. & Global Equity
The retirement system is scheduled to select three finalists in its international equity manager search next week.
This week’s hire complements an existing emerging markets equity manager as part of an ongoing international equity portfolio restructure.
The retirement system also increased its fixed-income target at the expense of real estate.
A Texas-based deferred compensation plan will review emerging markets equity managers to replace its incumbent mandate this week.
The plan now has two active managers in its global equity portfolio.
The plan also eliminated its global equity and emerging market debt targets.
The retirement system is seeking active global all-cap, large-cap, mid-cap and small-cap equity managers.
The plan is hoping to capture more alpha through the manager change.
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
