Non-U.S. & Global Equity
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.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
Plan is seeking broad emerging markets strategies as well as those focused solely on Chinese and Indian equities.
The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.