International / Global / Emerging Markets
The retirement system is seeking a replacement for its recently terminated international small-cap core equity manager.
The plan added a new international all-cap equity allocation in March.
Four international equity managers will vie for approximately $164 million.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The system will discuss an implementation plan for the new asset allocation policy next month.
The plan will consider active and passive strategies and responses that encompass U.S.-only mandates and products with a global component.
The retirement board will issue a global low volatility equity manager RFP early next week.
The plan hired two new managers and retained three at a board meeting this week.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.