Domestic Equity
The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The search is for active large-cap, small- to mid-cap and small-cap equity managers.
The pension plan hired the manager as part of a new domestic equity structure.
The plan will receive recommendations to add managers to its watch list.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
The council laid out plans to achieve an interim target by 2035.
Growth, core and value styles will all be considered in the search.
The plan replaced its domestic all-cap equity manager, which had been on watch since April 2022 due to underperformance.
Retirement system is seeking a pool of managers to provide the services.
