Domestic Equity
The plans hired a new core-plus fixed-income manager in the third quarter.
The farmland manager will handle mandates totaling $28 million for two pension plans.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also placed a domestic equity manager on watch due to underperformance.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The plan placed a domestic large-cap growth equity manager on watch at its Dec. 6 board meeting.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The search is due to state regulatory requirements.