International / Global / Emerging Markets
The plan also recently concluded a liquid credit manager search.
The search is due to portfolio manager changes and underperformance by the incumbent.
The plan replaced one emerging markets equity manager with two new firms in June.
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.
