Domestic Equity
The search follows a recent portfolio manager departure from its incumbent manager.
Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The plan first hired the domestic large-cap growth equity manager in 2012.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan terminated a $1.4 billion domestic large-cap value equity mandate and made commitments with four existing managers and one new manager in August.
The plan has begun its search seeking a Standard & Poor’s 500 Index manager.
The plan will issue RFPs within the next two months due to standard state procurement laws.
The plan hired a new domestic small-cap growth equity manager after Voya Investment Management acquired the U.S. business of prior manager Allianz Global Investors.
Draft RFPs will be reviewed next month for scheduled publication in January.
