Non-U.S. & Global Equity
The pension plan also made a real assets commitment this week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.
The plan completed a search for emerging markets small-cap ex-China equity managers in the fourth quarter.
The retirement system is seeking international equity managers to handle a mandate benchmarked to the MSCI ACWI ex-US Index.