Non-U.S. & Global Equity
The deferred compensation plan also terminated its global large-cap growth equity manager in February.
The government is launching the country’s first national sovereign wealth fund and will provide $25 billion over three years on a cash basis to seed the fund.
The foundation is searching for an analyst for global public equities to evaluate the performance of existing managers and conduct due diligence on and meet with prospective managers.
The plan was scheduled to consider RFPs for international and domestic small- to mid-cap growth equities this month.
The pension plan also added a global equity manager to its portfolio at a meeting yesterday.
The manager had been placed on watch for performance reasons in the fourth quarter.
The retirement fund will reissue a general investment consultant RFP after selecting a new firm for the role last month.
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The firm interviewed two finalists at yesterday’s board meeting.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.