Domestic Equity
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The plan moved more than $70 million into passive strategies at its February meeting.
The state deferred compensation fund previously authorized a search to replace an underperforming incumbent in January.
The plan also hired two credit managers in the fourth quarter.
The plan approved the two manager searches at a board meeting yesterday.
The termination stems from an upcoming co-portfolio manager departure.
The retirement plan will consider the termination of three equity managers amid a restructuring of its public equity portfolio next week.
The retirement system terminated an equity manager that handled two mandates yesterday.