Non-U.S. & Global Equity
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The new manager will handle approximately $450 million.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The plan will consider new structures for its infrastructure, non-U.S. equity and real estate portfolios later this week.
The retirement plan currently has four global equity managers.
Global equity would be a new asset class for the plan.
The plan is potentially looking to replace its international developed markets equity manager.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
