Non-U.S. & Global Equity
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.
The retirement system approved an active international equity manager RFP last week.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The retirement system made a change in emerging markets equity managers in May.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.