Domestic Equity
The retirement system will split a mandate between two firms following finalist interviews held this week.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
The deferred compensation plan replaced its underperforming domestic small-cap growth equity manager in the first quarter.
The termination stems from personnel turnover at the firm.
The plan is seeking a firm to handle its $511.5 million domestic small-cap value equity option.
The pension system approved minimum qualifications in a search for at least one manager to handle $150 million to $250 million last week.
The retirement system agreed to part ways with an active manager that had been on watch due to lagging performance.
The search will be conducted to replace domestic large-cap value equity manager Hamlin Capital Management, which was terminated last month.
