Plans add emerging markets equity and international small-cap investments for diversification purposes.
The plan does not have dedicated managers to either asset class.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.
Plan is seeking an emerging markets equity manager across the cap spectrum.
An anonymous Taft-Hartley plan is seeking an international equity manager to handle a $15 million allocation.
The plan will conduct seven manager searches beginning in January.
The plan hired has now hired two international equity managers in as many months.
The plan expects to conduct several manager searches in 2022.
The plan hired two firms for active and passive approaches to global equity following a search from earlier this year.