Domestic Equity
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The plan had been scheduled to issue the RFP for due diligence purposes.
The plan’s current small-cap core manager was first hired in 2008.
The plan also interviewed two firms in its domestic large-cap growth equity manager search last month.
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.
