International / Global / Emerging Markets
The retirement system approved an active international equity manager RFP last week.
The plan is also searching for an emerging markets ex-China manager.
The plan also issued its RFP seeking passive fixed-income managers.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
Plan staff will conduct on-site visits with six private debt firms next month.
The plan hired a new manager to replace its underperforming incumbent.
Plan will work with its private markets consultant to build out large buyout private equity and non-core infrastructure components within its investment portfolio.
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.