Domestic Equity
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.
The university hired a new private equity buyout fund and made re-up commitments to private equity growth and natural resources funds within its endowment during the first quarter.
The plan will vote on hiring a new domestic small-cap value equity manager at its board meeting later this week.
The pension fund terminated two active managers and moved the nearly $45 million in assets to a passive index.
The plan hired two of five firms interviewed for the mandate last week.
The deferred compensation plan replaced its domestic large-cap value equity manager in the first quarter.
The plan interviewed three domestic small-cap growth equity managers in August for the mandate.
The firm had been on watch since 2023 for underperformance and the funds have been moved to a passive account.
The retirement system also terminated its domestic large-cap growth equity manager in the third quarter.
