International / Global / Emerging Markets
The plan is seeking managers to handle $30 million.
The search will be for two managers to handle up to $483 million.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The search follows the plan’s termination of an incumbent manager at yesterday’s board meeting.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The plan decided to move one of its active international equity managers to passive management following performance concerns.
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The plan’s micro-cap manager will now manage small-cap mandates.
The plan made a hire in its international small-cap equity manager search in July.
The plan selected the managers at a meeting today following RFPs issued in April.
