International / Global / Emerging Markets
The plan also placed two investment managers on watch last month.
The retirement system has issued two RFPs in accordance with state regulatory requirements.
The retirement system is seeking firms to handle an allocation ranging between $200 million and $400 million.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The plan named three finalists to replace its current international growth equity manager.
The plan hired one international equity manager and terminated three others at this week’s board meeting.
The plan has selected four firms for further due diligence and evaluation.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.