Non-U.S. & Global Equity
The RFQ process follows a similar one launched in January for domestic small-cap equity managers.
The institution added new developed markets, emerging markets equity and hedge fund strategies within its investment portfolio during the first quarter following several redemptions from existing managers.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The retirement system liquidated the two investments to exit the China market.
The trust may have transitioned its two active international equity investments to a passive non-U.S. core index fund.
The pension plan also made a private equity commitment for pacing purposes last month.
The board also disclosed a private equity commitment at today’s investment committee meeting.
The plan concluded its global equity manager search with a replacement for one existing firm.
The retirement system is seeking strategies across the international equity spectrum.
The pension fund has issued an RFI seeking local managers offering active equity strategies.
