Non-U.S. & Global Equity
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The retirement system also made a value-add real estate commitment last week.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.
The pension fund had approved minimum qualifications for the search last month.
The fund narrowed a search for emerging markets large-cap ex-China equity managers to two finalists at the end of the second quarter.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
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.