Domestic Equity
The plan will conduct seven manager searches beginning in January.
A 529 plan in the South added a domestic small-cap equity manager to its watchlist for performance concerns.
A deferred compensation plan in the Rocky Mountain region terminated its domestic small-cap value equity manager this week due to underperformance.
The plan is conducting the domestic mid-cap core equity search due to portfolio management changes at its incumbent, while the large-cap growth hire was made following an RFP issued last year.
The plan hired an additional domestic large-cap growth equity manager after finalist interviews held at its board meeting today.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
Plan terminated active large-cap value and small-cap growth strategies with a single manager this week.
The plan is looking to hire at least one manager and may also build a pool of managers for future allocations.
The plan will dole out $660 million in total to small-cap and micro-cap equity managers.
The plan hired new domestic large-cap equity managers and retained two incumbents global bond managers.
