The plan is searching for a global equity manager after creating the new sub-asset class within its public equity portfolio.
The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
The plan will implement its recently approved asset allocation policy in three phases.
A university in the South will consider recommendations to add new global equity managers to its endowment next year.
Plan added more than $1.5 billion in new alternatives commitments in the third quarter.
Plans are seeking an international core equity manager to replace an incumbent terminated at last week’s meetings.
The city employees plan has an unfilled 7% target to emerging markets equity.
His successor will be named next year.
The plan concluded its emerging markets equity search with two manager hires.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.