Domestic Equity
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement system has issued three domestic equity manager RFPs.
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The pension plan also made a private equity commitment for pacing purposes last month.
The pension plan terminated two domestic equity managers in the second quarter.
The retirement system recently replaced its domestic large-cap value equity manager due to underperformance.
The retirement system shifted its active domestic large-cap growth equity mandate to an existing index fund investment.
The pension fund has issued an RFI seeking local managers offering active equity strategies.
The plan’s investment committee previously narrowed a search to two recommended hires following finalist interviews held earlier this month.
The retirement system approved the search at last week’s board meeting due to an upcoming contract expiration.
