International / Global / Emerging Markets
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.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The deferred compensation plan also placed its domestic small-cap value equity manager on watch yesterday.
The retirement system also recently made private markets commitments totaling $16.5 million.
The pension fund has issued RFPs seeking global public equity and international active extension public equity managers.
The plan is seeking passive equity managers across two mandates.
