Non-U.S. & Global Equity
The plans terminated an international value equity manager, which had been on watch, and hired a record keeper and custodian last week.
The pilot program is expected to launch in mid-October and implementation is slated for January.
The plan selected three emerging markets equity finalists and made an additional commitment to an existing infrastructure manager yesterday.
Head will oversee the firm’s global equity, emerging markets, Chinese equity and Asia-Pacific equity teams.
The plan first hired Highclere International Investors in 2019.
The plan terminated an emerging market debt firm as well as an emerging markets equity relationship within its emerging manager program last month.
The plan will consider hiring two new managers and signing new contracts with two existing managers next week.
The plans are looking to fill real estate and international equity mandates totaling $22.5 million.
Plan’s investment committee will recommend terminations of an emerging market debt and an emerging markets equity manager at next week’s board meeting.
The plan is considering adding international value managers to complement its growth exposure.