Non-U.S. & Global Equity
The retirement fund terminated the manager due to underperformance.
The termination stems from underperformance and an asset allocation change.
The retirement system also placed its international large-cap growth equity manager on watch last month.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The retirement system also eliminated its target allocation to multi-asset class solutions last month.
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.