Domestic Equity
The deferred compensation plan also placed its domestic small-cap value equity manager on watch yesterday.
The retirement plan transitioned its domestic small-cap growth equity allocation to passive management in the second quarter.
The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
The pension system had been reviewing the incumbent as part of a search prior to the manager’s decision to close.
The plan launched a search over the summer due to performance concerns with two incumbents.
The plan placed its domestic mid-cap growth equity manager on watch for organizational changes.
The plan is seeking passive equity managers across two mandates.
The plan was expected to issue a domestic small-cap equity manager RFP this week to replace an incumbent.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The plan liquidated a domestic large-cap core equity manager in the second quarter.
