The plan is searching for its first emerging markets equity manager.
He will lead a team focused on long-only emerging market funds.
Plans’ consultant is recommending the termination for performance reasons.
The plan will make a decision after international growth manager interviews next month
The pension fund may look at adding a third private equity fund in the future for further vintage year diversification.
A Northeastern pension plan hired two international equity managers to replace a global equity mandate it terminated earlier this year.
A pension fund in New England has begun a search for a maiden unconstrained bond manager.
A Midwestern plan will recommend a hire in its search for international developed markets equity emerging managers next month.
A police and fire plan in South Florida will discuss adding a growth manager to complement its incumbent emerging markets manager, which has a value-bias.
A California pension plan wrapped up a risk parity manager search at last month’s board meeting.