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The pension plan made two private equity commitments in August for pacing purposes.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
The manager was placed on watch last year for underperformance.
He will leave the firm effective Feb. 28 and SEI will conduct a search internally and externally for his replacement.
The retirement system terminated an international value equity manager, which has been on watch, at a recent board meeting.
The country’s largest public defined benefit plans are shifting their allocations in favor of alternative strategies, a new study finds.
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
The plan committed to three real estate funds for pacing purposes.
The pension plan decided to stick with its incumbent at a meeting this week.
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.