Non-U.S. & Global Equity
The retirement fund will shift the $200 million mandate to a passive account at least initially.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The county’s pension plan and OPEB Trust replaced their global core equity manager, which had been on watch due to underperformance, in May.
The funds are being moved to an international index fund managed by Fidelity Investments.
The retirement plan replaced its domestic core-plus fixed-income manager yesterday.
The retiree trust fund may terminate an international small-cap equity manager without improved performance to end the year.
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan hired a passive international equity manager to replace an active mandate in May.
The pension plan funded its second separate account mandate for the global equity emerging manager program in June.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.