Non-U.S. & Global Equity
The plan is seeking an international equity manager to handle a $35 million allocation.
A total of up to $1.5 billion is expected to be awarded in the search.
Plan continues working toward executing a transition of assets away from the state fund.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The plan’s investment committee hired an emerging markets core equity manager and approved two credit commitments last week.
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The plan terminated its active international value equity manager in December due to underperformance.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.