Domestic Equity
The hire follows a search conducted due to the contract expiration of the plan’s incumbent.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The pension fund made the decision following a search presentation from its general investment consultant in April.
An investment management company housed at a university in a Southern state has hired a new managing director to spearhead its public equity portfolio.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
The plan will also receive a domestic large-cap growth equity manager search report next week.
The plan will look to identify potential replacements for its current international value equity manager.
The changes were recommended by the trust’s newly hired general investment consultant.