Non-U.S. & Global Equity
The retiree trust fund may terminate an international small-cap equity manager without improved performance to end the year.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan hired a passive international equity manager to replace an active mandate in May.
The pension plan funded its second separate account mandate for the global equity emerging manager program in June.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.
The retirement system approved an active international equity manager RFP last week.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The retirement system made a change in emerging markets equity managers in May.