International / Global / Emerging Markets
Plan made commitments to eight existing managers and one new manager last month.
Plan’s new global credit manager will handle an approximately $700 million mandate.
The firm replaces a manager that is closing next month.
Plan expects to receive a recommendation at its Oct. 12 board of investments meeting.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
Commitment represents a new relationship for the plan.
Plan’s passive investment exposure will now be with one manager.
Plans expect to award a record keeper contract and discuss the potential replacement of an international value equity manager in September.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
Plan invested with two international equity managers and a direct lending manager yesterday.