Non-U.S. & Global Equity
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plan is seeking firms without geographic barriers following an asset class restructuring earlier this year.
The plan’s board had been in a protracted search that had initially seen Verus hired over incumbent Callan and then the search restarted.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The two international equity managers were placed on watch for performance reasons.
The plan also made a private equity commitment in June.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The manager hire was recommended as part of a public equity structure analysis.