Domestic Equity
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan will use active management in the large-cap value space.
Portland, Ore.-based TCM specializes in small-cap and small- to mid-cap growth investing for both institutional and retail investors.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
The plan hired its general investment consultant and selected two new active mid-cap equity managers.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan does not have dedicated managers to either asset class.
The system approved replacing its incumbent domestic small-cap value equity manger with a new firm to better align its portfolio with its sustainable investment goals this week.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
