Domestic Equity
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.
The plan will interview three domestic large-cap growth equity managers at a June 9 investment committee meeting.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
