International / Global / Emerging Markets
The retirement association also recently committed $205 million across six new funds.
The pension fund’s outsourced cio disclosed a pair of manager removals in the first quarter.
The plan also terminated two underperforming domestic equity managers.
The RFQ process follows a similar one launched in January for domestic small-cap equity managers.
The retirement system has issued three RFPs for domestic large-cap and international value and growth equity managers.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The retirement system liquidated the two investments to exit the China market.
The retirement system committed to the next fund in a series after its last commitment to the manager in 2022.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.
The trust may have transitioned its two active international equity investments to a passive non-U.S. core index fund.
