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Plan’s investment committee will recommend terminations of an emerging market debt and an emerging markets equity manager at next week’s board meeting.
The plan will also eliminate its long/short equity portfolio.
The plan made a farmland commitment after starting a search last year.
The plan is considering adding international value managers to complement its growth exposure.
Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.
The firm has established two new executive roles in the investments and retirement business.
The plan launched a search for investment consulting services late last year.
The plan committed $130 million total to four existing managers and one new manager in June.
Firm will oversee $566 million in cash and investments.
Developing world specialist Daniel Wood says asset managers are selling Kremlin-linked debt at close to 80% discount, with international hedge funds being the biggest buyers.