International / Global / Emerging Markets
The European core-plus real estate manager will help move the plan closer to its 15% real estate target.
The firm will cease investment operations on June 30.
Plan added two new fixed-income managers in a revamped global bond portfolio at this week’s meeting.
The plan’s emerging-manager-of-managers is replacing an international equity firm due to a personnel change.
The search is for a manager to handle six index funds.
The search is due to the expiring contracts of two incumbents managing a total of $440 million.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
The plan does not currently have a dedicated manager for emerging markets equity.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Plan decided not to fund the mandate due to the ongoing Russia-Ukraine war.
