Domestic Equity
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.
The plans replaced their domestic mid-cap growth equity manager, which had been on watch since the fourth quarter.
The deferred compensation plan replaced an underperforming domestic large-cap value equity manager in the second quarter.
The search will be conducted to replace an incumbent small-cap core manager.
