International / Global / Emerging Markets
The plan replaced one emerging markets equity manager with two new firms in June.
The retirement association also recently committed $205 million across six new funds.
The pension fund’s outsourced cio disclosed a pair of manager removals in the first quarter.
The plan also terminated two underperforming domestic equity managers.
The RFQ process follows a similar one launched in January for domestic small-cap equity managers.
The retirement system has issued three RFPs for domestic large-cap and international value and growth equity managers.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The retirement system liquidated the two investments to exit the China market.
The retirement system committed to the next fund in a series after its last commitment to the manager in 2022.
The plan will soon begin an international equity search to potentially replace its underperforming incumbent.