Non-U.S. & Global Equity
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.
The retirement system also recently added private markets commitments totaling $26 million.
The retirement system also added two private credit commitments in the third quarter.
The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The retirement fund terminated the manager due to underperformance.
The termination stems from underperformance and an asset allocation change.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.