International / Global / Emerging Markets
The RFP was slated to be issued to comply with standard state procurement laws.
The plan also hired an international small-cap equity manager after finalist interviews.
The search is to potentially replace an incumbent that is currently on watch.
The plan will interview two international equity managers next week to replace its underperforming incumbent.
The retirement system made a change in emerging markets equity managers in May.
The two managers were placed on watch for performance reasons.
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The plan is looking to invest 2% of its assets with an emerging markets small-cap equity manager.
The searches follow asset class reviews by the plan’s general investment consultant.
The search is open to core, value and growth non-U.S. equity managers.