International / Global / Emerging Markets
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
Plan is seeking an emerging markets equity manager across the cap spectrum.
The plan will conduct seven manager searches beginning in January.
The plan hired two private debt managers at its board meeting yesterday and will consider making changes to its private equity portfolio next year.
The plan hired one traditional emerging markets manager and four private markets managers.
Plan committed to a Stockholm-based buyout manager earlier this week.
The plan hired two firms after finalist interviews at today’s board meeting.
The plan will discuss an existing international equity manager next month following underperformance concerns.
Plan is seeking emerging market debt managers to handle an allocation ranging between roughly $700 million and $1.12 billion.
