Non-U.S. & Global Equity
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The pension plan also made a real assets commitment this week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.