Small-Cap
The plan will also issue RFPs for global fixed-income and domestic small-cap core equity managers.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The RFPs were approved at last month’s board meeting.
The RFPs will seek managers to handle 10 different strategies.
The termination was due to underperformance.
The $20 million commitment results from an ongoing search in the space.
The plan hired the firm for an $8 million mandate at its October board meeting.
The search is to potentially replace a current underperforming manager.
The plan’s micro-cap manager will now manage small-cap mandates.
The plan made a hire in its international small-cap equity manager search in July.