The plans opted to move their mid-cap core portfolios to index funds for the foreseeable future.
The plan retained its incumbent domestic large-cap core equity manger after a search report presentation.
The plan reduced its exposure to international equity and will receive two buyout fund-of-funds manager presentations as part of an ongoing search.
The plan concluded its search for core fixed-income and TIPS managers.
The plan will consider replacing its international small-cap equity mandate with MFS Investment Management in May.
The plan terminated two small-cap equity managers as part of a newly approved domestic equity portfolio structure.
The plan hired two domestic small-cap value equity firms after interviewing finalists at today’s board meeting.
The board will hear a presentation from the manager to address concerns raised by its consultant.
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
The plan will search for an active domestic mid-cap equity to handle approximately $10 million.