Non-U.S. & Global Equity
The two international equity managers were placed on watch for performance reasons.
The plan also made a private equity commitment in June.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The manager hire was recommended as part of a public equity structure analysis.
A trust fund based in a Western state has added a new global equity manager to its portfolio.
The plan replaced one emerging markets equity manager with two new firms in June.
The retirement association also recently committed $205 million across six new funds.
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.