Non-U.S. & Global Equity
The deferred compensation plan replaced its international large-cap value equity manager in the fourth quarter due to underperformance.
The firm had been on watch since the first quarter of 2024.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The pension fund made the decision following a search presentation from its general investment consultant in April.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
The pension plan recently hired three private debt managers as part of an ongoing search.
The search is being planned to potentially replace an existing manager.
The retirement plan hired several managers to move toward its new asset allocation policy.
The deferred compensation plan replaced its emerging markets large-cap core equity manager, which had been on watch since January 2022.
The retirement system will discuss implementing its new strategic asset allocation with manager searches.