Non-U.S. & Global Equity
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The new manager was selected for the $60 million mandate following finalist interviews with four total firms this summer.
The deferred compensation plan replaced its domestic small-cap growth and international large-cap value equity managers last month.
The defined contribution plan replaced its international large-cap value equity manager, which had been on watch, in the second quarter.
The search is being conducted due to the closure of one of the retirement system’s investments.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.
The plan first hired the firm in 2018.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The retirement system will also consider several changes to its public equity and real estate portfolios this week.