Domestic Equity
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.
The plan’s board had been in a protracted search that had initially seen Verus hired over incumbent Callan and then the search restarted.
The pension plan hired a new domestic large-cap growth equity manager last month.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The plan’s incumbent domestic small- to mid-cap core equity manager had been gradually underperforming the benchmark.
The hire concludes a replacement search conducted by the retirement system’s general investment consultant in February.