Domestic Equity
The plan appears to have terminated its active domestic large-cap equity manager in the second quarter.
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.
The retirement system authorized its cio to terminate several public markets investments last month.
The plan also removed a manager from the watch list.
The plan hired its incumbent for a new seven-year term.
The two manager terminations stem from underperformance, asset outflows and high fees.
The plan also appears to have reissued its private markets consultant RFP.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The plan approved the search last month to comply with state procurement requirements.
