Equity
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The pension plan terminated a roughly $18 million mandate with an international growth equity manager in the fourth quarter.
The pension plans received seven submissions in response to a joint RFQ issued in October.
The plan approved the two manager searches at a board meeting yesterday.
The institution approved an investment with a low carbon, global equity index fund within its pension and revised the target asset allocation for its largest pool of assets.
The plan will look to add a new global equity manager at a board meeting next month.
The plan’s investment consultant began a replacement search in the fourth quarter.
The plan has issued an RFI for active quantitative investment management services.
The plan also hired two global equity managers at a meeting this week.
The retirement plan will consider the termination of three equity managers amid a restructuring of its public equity portfolio next week.