International / Global / Emerging Markets
The plan also approved liquidating its sole emerging market debt manager at a meeting today.
The plan also added two EAFE equity sub-managers to its emerging manager-of-managers portfolio.
The plan will also renew the contract of a manager currently on watch.
The pension plan’s investment committee approved commodities, fixed-income and private credit commitments last week.
The plan is seeking a firm to handle a $20 million mandate.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The plan also made $440 million in real assets and private equity commitments at today’s meeting.
The search is due to underperformance from a current manager.
The interviews follow searches conducted after approval of a new asset allocation mix this year.
The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
