The retirement system liquidated the two investments to exit the China market.
The retirement system has issued three domestic equity manager RFPs.
The retirement plan is expected to issue the RFPs for pacing purposes.
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The pension plan has been with its current consultant for over 10 years.
Troy Brown is a managing director at Mariner Institutional, where he is responsible for ensuring department functions, directives, structure, staff, and policies and procedures. He took the time to answer 5 Questions, plus a bonus one, with FIN News.
The plan made four private equity commitments with existing managers this week.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The plan will commit an additional $60 million to private markets this year.
The plan will commit to private credit managers this year for pacing purposes.