International / Global / Emerging Markets
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.
The plan hired a new international equity manager at its board meeting last week.
Plan expects to receive a recommendation in October.
The plan had issued an RFP for single strategy and emerging managers-of-managers to complement or replace the incumbent in January.
Plan will interview three global credit managers in a search for a firm to handle a proposed $680 million mandate.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
Axiom will manage a $100 million emerging markets equity portfolio for the plan.