Non-U.S. & Global Equity
Plan reached an impasse in contract negotiations with a firm originally selected in February.
A plan based on the West Coast is consideration the addition of active equity managers as part of shift in portfolio structure.
The plan disclosed 14 recent commitments and an equity manager termination.
The plan made a change in domestic large-cap growth equity managers last quarter.
The plan is seeking one or more global equity managers to replace a $174 million investment, which was liquidated at yesterday’s board meeting.
The plan will receive replacement options at its Sept. 7 board meeting.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
The proposed fund liquidation would remove the value-tilt within the plan’s global equity portfolio.
Plan will search for private equity managers to fill a new 5% target to the asset class at today’s board meeting.
The plan also slated domestic small-cap growth equity manager finalist interviews for its September meeting.