Domestic Equity
The deferred compensation plan replaced its underperforming domestic large-cap growth equity manager in the second quarter.
The plan also replaced its discretionary private equity and private credit consultant.
The retirement system is looking to invest up to $77 million between the two strategies.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
The ballot measure aims to establish an endowment to support state government instead of taxing residents with a goal of eliminating individual and corporate income taxes, sales taxes and all other state-sanctioned taxes.
The plan made two hires in its small-cap core equity manager search last quarter.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.
The plan hired one new manager and retained four in its search.
The retirement system parted ways with a manager it had worked with since 2009.
The retirement fund also terminated a domestic large-cap value equity manager at a board meeting today.
