Passive Equity
The retirement fund made commitments totaling $2.7 billion in August.
The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
Mandates include global, U.S., non-U.S., emerging markets, customized funds, factor or risk-based indices and underlying components of target date funds.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The plan also terminated an emerging markets equity manager in June.
The plan is seeking managers to handle a total of $5.9 billion.
The retirement system replaced its Standard & Poor’s 500 Index Fund manager to cut costs in July.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.