Non-U.S. & Global Equity
The retirement fund was scheduled to review its international equity portfolio and a consultant RFP at this week’s board meeting.
The plan is looking for providers for its approximately $85 billion index portfolio.
The retirement system terminated its global large-cap growth equity manager last month.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The retirement plan also added a private equity commitment at last week’s board meeting.
The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The plan is nearing a global core equity manager search as it looks to fill a new underlying 20% allocation.
The retirement system will also see its deputy executive director retire next week.
The potential search follows the termination of its incumbent active manager last month due to performance concerns.
