Non-U.S. & Global Equity
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.
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.
