Non-U.S. & Global Equity
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.
The deferred compensation plan made the decision last quarter after reviewing four potential replacement options.
The pension will allocate $250 million to $400 million each to multiple mandates.
The retirement system shifted away from non-core fixed-income as part of changes approved at today’s investment committee meeting.