Non-U.S. & Global Equity
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
The plan completed a search for global growth equity managers today following finalist interviews held last month.
The plan expects to hear presentations from six private equity firms next month as part of a search initiated in April.
The plan will interview two global equity finalists later this month and has welcomed back a former staffer as its new deputy cio.
The plan is seeking regional and country-specific international equity managers.
The Lone Star State retirement fund terminated one equity manager and placed another two on watch this week.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
The new manager joins two global equity managers that were hired last year.