Non-U.S. & Global Equity
Plan will discuss the full redemption of its international value manager due to that firm’s closure at next week’s board meeting.
The plan is looking to make two to three commitments in the growth equity and buyout spaces by the end of the year.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
Pension plan expects to review approving a search for international small-cap equity managers next month.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.