Non-U.S. & Global Equity
The new manager joins two global equity managers that were hired last year.
The plan disclosed recent commitments from both the public and private markets.
The plan agreed to redistribute its dedicated emerging markets equity allocation to developed markets equity, private equity, private credit and commodities this week.
The plan is seeking international core, growth and value equity managers to handle roughly $600 million.
The plan liquidated its emerging markets equity fund-of-funds mandate and made $1.3 billion in total commitments in June.
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The hire follows a global equity structure review emphasizing alpha generation.
Plan will discuss the full redemption of its international value manager due to that firm’s closure at next week’s board meeting.