International / Global / Emerging Markets
Review of broad international equity portfolio will come as plan has kept an eye on the underperformance of an emerging markets equity manager.
The searches are being conducted to comply with state procurement laws.
The plan expects to further discuss an international developed markets equity manager search at its upcoming board meetings and recently disclosed five private equity commitments.
Plan will potentially launch an RFP for an emerging markets equity manager after adding a second firm to diversify its exposure to the space this week.
The fund added a global equity investment with a newly operational firm this week.
The plan removed a manager structure constraint for its return-seeking fixed-income portfolio and approved a value-add real estate commitment with an existing manager this month.
The plan will interview two U.S. small-cap value equity managers this week and also recently added an international equity manager.
The plan will also target more $720 million to alternative funds in 2023.
The plan will seek board approval to terminate a high-yield fixed-income manager and an emerging markets equity manager.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
