International / Global / Emerging Markets
The plan’s current manager is on watch for performance reasons.
The pension fund hired international small-cap core, growth and value managers to conclude a search initiated earlier this year.
The plan will also issue RFPs for global fixed-income and domestic small-cap core equity managers.
The plan currently has two international small-cap equity managers.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The firm underperformed for two consecutive calendar quarters.
The firm is winding down after losing significant assets in November.
The pension plan aims to commit $700 million to private equity next year and placed three managers on watch at its board meeting last week.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
The deferred compensation plan will issue a record keeper RFP due to the upcoming contract expiration of its incumbent provider.
