Domestic Equity
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The plan’s current U.S. small-cap growth equity allocation is handled by UBS Asset Management.
The domestic large-cap equity manager was hired as part of the board’s U.S. equity 2.0 portfolio.
The plan’s domestic mid-cap value equity manager had been on watch due to underperformance.
The pension plan hired a new domestic large-cap growth equity manager last month.
The plan hired two new managers and retained three at a board meeting this week.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The potential move comes as the strategy’s portfolio manager recently retired.
The domestic large-cap growth equity manager had been on watch due to underperformance.