Domestic Equity
The retirement system conducted a similar search in 2016 when it rehired its incumbent manager.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in February.
The firm will see the retirement of one of five portfolio managers on its U.S. small-cap growth equity team at the end of June.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The plan hired a new manager for domestic large-cap growth equities during a meeting today.
The plan’s investment subcommittee will consider domestic mid-cap value and emerging markets equity replacement options at an upcoming meeting.
The plan will receive a list of active and passive candidates next month.
The fund will conduct searches for a U.S. large-cap growth equity manager and a global equity manager with a tilt toward either core or value stocks after approving a new asset allocation at its May board meeting.
The plan will discuss potential real estate and infrastructure allocations at its August board meeting after opting to redeem from its core real estate manager yesterday.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.