International / Global / Emerging Markets
The new manager was selected for the $60 million mandate following finalist interviews with four total firms this summer.
The deferred compensation plan replaced its domestic small-cap growth and international large-cap value equity managers last month.
The defined contribution plan replaced its international large-cap value equity manager, which had been on watch, in the second quarter.
The plan is seeking a firm to replicate the MSCI EAFE Index.
The retirement system also made a venture capital commitment last month.
The retirement system also replaced two underperforming equity managers in the second quarter.
The foundation is looking to add emerging markets equity and India-focused private equity allocations within its portfolio.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The retirement system also recently made two private markets commitments.