Domestic Equity
The two manager terminations stem from underperformance, asset outflows and high fees.
The plan also appears to have reissued its private markets consultant RFP.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The plan approved the search last month to comply with state procurement requirements.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.
The city hired two firms on behalf of its three retirement funds, replacing an underperforming incumbent.
The retirement system placed a domestic small-cap value equity manager on watch last month due to lagging performance.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The plan approved a search last year to complement its existing international equity managers.