Domestic Equity
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
The plan will revisit a recommendation to terminate its active domestic large-cap growth mandate and move the assets to a passive account.
The plan made a change in domestic large-cap growth equity managers last quarter.
The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.
The terminated manager has been on and off the plan’s watch list since 2018 for personnel turnover.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.
The plan hired a new domestic small- to mid-cap growth equity manager and will make potential changes to its long/short portfolio.
The plan approved a consultant recommendation to swap out its domestic small-cap core equity mandate due to a change in the firm’s investment process.
The plan will receive replacement options at its Sept. 7 board meeting.
Plan intends to complete domestic mid-cap value and growth equity searches by the first quarter.
