Domestic Equity
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
The plan will receive a search report from its general investment consultant next month after opting to terminate its existing manager, which had been on watch for performance since 2019.
Manager has been on watch since September due to underperformance.
Incumbent firm recently experienced a client loss that dropped its product assets below an acceptable threshold for the plan.
Plan will schedule interviews with three direct lending managers after hearing a search report review this week.
The plan is seeking a manager to handle $95 million in developed markets equities.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The plan moved three of its index funds with Vanguard Group to index funds with Fidelity Investments.
Plan rehired its incumbent domestic large-cap growth equity manager following a search conducted by its consultant.
