International / Global / Emerging Markets
The retirement system terminated its global large-cap growth equity manager last month.
The pension fund will interview four emerging markets equity managers next week after approving a restructuring of its portfolio at a May meeting.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The retirement plan also added a private equity commitment at last week’s board meeting.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
The plan is nearing a global core equity manager search as it looks to fill a new underlying 20% allocation.
The retirement system will also see its deputy executive director retire next week.
The plan’s investment committee approved new emerging market debt and private equity investments today.
The retirement system also recently hired a new international growth equity manager.
