International / Global / Emerging Markets
The pension plan made commitments totaling $110 million last week.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The retirement system has approximately $159 million allocated to its incumbent managers.
The pension fund made the decision following a search presentation from its general investment consultant in April.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
The pension plan recently hired three private debt managers as part of an ongoing search.
Three firms were vying for the $30 million mandate.
The plan will look to identify potential replacements for its current international value equity manager.
The search is being planned to potentially replace an existing manager.
The changes were recommended by the trust’s newly hired general investment consultant.