Non-U.S. & Global Equity
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
The retirement system’s global growth equity manager had been on watch due to underperformance.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The pension plan also made a real assets commitment this week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The search for each retirement plan is due to state statute requirements.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The retirement system also canceled its general investment consultant RFP and approved a 2025 private markets pacing plan in January.