International / Global / Emerging Markets
The retirement fund is also scheduled to review a core infrastructure manager for potential inclusion in the portfolio in February.
The retirement system also hired an international all-cap growth equity manager and four infrastructure managers this week.
The pension fund terminated a pair of underperforming international equity managers last month.
The plan will put three mandates out for bid next year.
The firm underperformed in all time periods since inception.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.
The plan conducted a search to replace an emerging markets equity mandate.
The plan expects to approve three recommended finalists for future interviews at this week’s board meeting.
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.
The retirement system also recently added private markets commitments totaling $26 million.