International / Global / Emerging Markets
The retirement system will receive potential international equity candidates next month.
The retirement system made $60 million in total commitments at a board meeting this week.
The new manager will handle a mandate of up to $250 million.
A new survey from a global investment firm has found that U.S.-based RIAs are interested in adding new exposures to international and equity ETFs in their client portfolios.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The retirement fund also disclosed commitments totaling roughly $1.2 billion in July and August.
The fund also terminated a domestic small- to mid-cap value equity manager at its August investment committee meeting.
The pension system will invite three finalists to present at its board meeting in November.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
