Non-U.S. & Global Equity
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan located in our nation’s capital approved a search for active international equity managers.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The pension had launched a search for a new manager in May.
The plan will invest $150 million into Ninety One’s Global Environment strategy.
Geopolitical events, regulatory changes and policy shifts have led investors to reevaluate the role of exposure to China in their portfolios.
The retirement fund made commitments totaling $2.7 billion in August.