Domestic Equity
The plan approved the search at a board meeting earlier this week.
The retirement system has issued separate RFPs for small-cap value and small-cap growth managers.
The retirement system swapped out managers for its roughly 3% target to the asset class.
Plan is considering the addition of a domestic small- to mid-cap core equity manager to its portfolio.
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The search for each retirement plan is due to state statute requirements.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan approved a search to fill a $390 million allocation last week.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.