Non-U.S. & Global Equity
The plan will seek a global equity manager to equitize upcoming proceeds.
The pension is expanding its emerging manager program into the public equity space after initial investments in alternatives starting in 2022.
The plan is looking to invest $200 million with multiple investment managers.
The deferred compensation plan replaced its international large-cap value equity manager in the fourth quarter due to underperformance.
The firm had been on watch since the first quarter of 2024.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
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.