Domestic Equity
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.
The plan approved adding a new international large-cap value equity manager to its lineup last month.
The plan’s board also voted to place a domestic large-cap value manager on watch.
The retirement system is looking to access equity and fixed-income indices for future allocations.
There are no plans for a replacement search at this time.
The fund also terminated a domestic small- to mid-cap value equity manager at its August investment committee meeting.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
