International / Global / Emerging Markets
The plan also made private markets commitments totaling $15 million in January.
The plan interviewed two finalists last month for a $46 million mandate.
The plan will interview four emerging markets equity finalists next week.
The retirement system selected a new manager following three finalist interviews held last week.
The plan launched a search last year due to underperformance from its incumbent manager.
The retirement fund terminated three managers at last month’s investment committee meeting.
The plan has now hired a total of 12 new international equity managers this year.
The retirement system terminated its incumbent international small-cap core equity manager this month due to personnel turnover.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
The plan will conduct a global multi-sector fixed-income search after establishing a new allocation to the asset class at a meeting yesterday.