Non-U.S. & Global Equity
The retirement system eliminated its 6% target to the asset class this week.
The plan selected a new emerging markets equity manager following finalist interviews held in January.
The retirement fund also adopted a new asset allocation to take advantage of higher interest rates.
The plan has hired its fourth global unconstrained equity manager.
The foundation is looking to add diverse-owned managers, of which currently has four, to its portfolio along with regionally focused investments.
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The new manager will handle approximately $450 million.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.