Domestic Equity
The retirement system made domestic mid-cap growth and value equity manager changes this month.
The search for a manager to handle $30 million was approved at a board meeting last week.
The plan selected the firm to handle roughly $9 million following finalist presentations at today’s board meeting.
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.
The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The plan made several changes to its manager watch list at a recent meeting.
The investment manager has named a new lead portfolio manager for its small and small- to mid-cap equity team.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan made the manager change due to performance issues with the incumbent.