Domestic Equity
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.
A foundation based in the Midwest replaced a small-cap growth equity manager with a similar strategy.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The university approved a new investment policy statement with revised long-term strategic asset allocation targets for its strategic and reserve pool last year.
The deferred compensation plan reviewed an initial search report at its deferred compensation committee meeting last week.