Non-U.S. & Global Equity
The retirement system also approved placing an international equity manager on watch due to a personnel departure.
The plan voted to consolidate its global equity portfolio to three managers from four at a board meeting today.
The plan voted to consolidate its global equity portfolio to three managers from four at an investment committee meeting today.
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.
