Non-U.S. & Global Equity
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
Glovista manages global emerging market equities and global tactical asset allocation strategies.
Plan has begun a search for passive investment management providers.
Plan will consider multiple mandates and ensure that diverse-owned firms are included in a search process approved at today’s meeting.
The firm will manage a 5% allocation to emerging markets that will be funded from hedge fund-of-funds and managed futures.
Plan will discuss a draft RFP for developed markets equity managers at this week’s board meeting.
Plan will seek real estate managers in the coming months and has scheduled emerging markets small-cap equity finalist interviews for August.
The search is required due to the upcoming contract expiration of its incumbent.
The new hires include two fund managers and an analyst.