Non-U.S. & Global Equity
The pension plan has directed its staff and general investment consultant to conduct a targeted RFP process to replace a terminated international small-cap equity manager.
The deferred compensation plan replaced its international large-cap value equity manager yesterday due to underperformance.
The retirement system has terminated one of its global equity managers, which had underperformed.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The pension fund will interview three finalists at Thursday’s board meeting.
The retirement fund will shift the $200 million mandate to a passive account at least initially.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The county’s pension plan and OPEB Trust replaced their global core equity manager, which had been on watch due to underperformance, in May.
The funds are being moved to an international index fund managed by Fidelity Investments.
The retirement plan replaced its domestic core-plus fixed-income manager yesterday.