Non-U.S. & Global Equity
The plan will also target more $720 million to alternative funds in 2023.
The plan expects to make a decision on hiring an emerging markets value equity manager at a future meeting following finalist presentations conducted this week.
The plan terminated an EAFE value equity manager that had been placed on watch in June for underperformance.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
The plan hired two separate account managers for its global equity emerging manager program after increasing the program’s allocation range this week.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.
The plan replaced its $77.5 million Asian all-cap equity mandate with T. Rowe Price Associates last week.
The plan is slated to conclude its global equity emerging manager program search and increase its allocation to the program at a board of investments meeting tomorrow.
The plan terminated a $475 million emerging markets value equity mandate in May and approved private markets commitments totaling $170 million in June.